Forum Archive Index - November 2003

[Phaedrus <Phaedrus@techemail.com>]

>From a technical perspective, the gold situation is very clear.

 Since the lows of early 1991, gold has been in a steady uptrend, consistently 
making higher highs and higher lows. The rate of this uptrend has been 
increasing - the price accelerated away from tentative trendlines before they 
were confirmed as trendlines became steeper. The lastest trendline, though, has 
been repeatedly confirmed, and a break of this would provide a clear exit 
signal for those wanting to lock in profits.

 The break of the confirmed long-term downward trendline in February 2002 gave 
long-term investors a good entry point.
 
 Trading the medium-term trendline breaks continues to be very successful - 
buy/sell points are marked with arrows. More active traders would find Relative 
Momentum Index signals to be even more profitable, though their use 
necessitates a higher level of activity.

                  Phaedrus.
 

 

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