Monday, August 20, 2012

Gold ~ Update ~ 20 August 2012

Nothing has changed since my last update. Gold is still between 1550 and 1640:

A break of either 1550 or 1640 should lead to a big move.

As you can see in the chart below, mid August till late February tends to be a good period for gold. So, I think a break above 1640 is more likely than a decline below 1550. But we'll see.