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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

...If the dots don't connect, gather more dots until they do...

TGIF

TGIF

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Saturday, December 10, 2011

A Golden Christmas?

If Gold, firstly, holds above the 50 sma (red), then  breaks and holds above 1733 (triangle apex and Monthly VWAP confluence) and, subsequently, 1745 (trendline resistance), it may be on its way to 1900 (Fibonacci confluence) by Christmas, as shown on the Daily chart below...otherwise, it may re-visit the 200 sma (pink) at 1614.50...will see if Santa is feeling generous...



P.S. When in doubt, women love jewelry! ;-)