Tuesday, April 28, 2009

GOLD STALLS AT THE 50% RETRACE FIB OF THE LAST DOWN LEG AND PULLS BACK




Very complicated market to interpret

Looking only at gold and how it's trading, it looks

like gold will retest the low, maybe go a little lower

and rally, or go significantly lower due to panic selling

when the bullion banks attempt to push it lower.

I hope it's only the first scenario, as that is very typical

gold trading before the real rally back up.