Thursday, October 7, 2010

Gold: Bearish Wolfe wave...

developing on weekly? Do not short this too early, but here are the targets if it breaks down. This works like a test of top. 127 would be a point to consider lightening any long positions.

Disclosure: I'm long GLD.

1 comment:

  1. Gold is still the place to be long term. Tempory setbacks will happen now and then.