Tuesday, 8 November 2011

Gold testing trend line - throw over complete?

On the weekend I showed that Gold has been trading within a trend channel on the daily chart. Zooming in to the hourly chart, it looks possible that Gold has completed a throw over (ie. false break) of the top channel line.

ASX 200 set to open higher

After hours trading is currently at 4290, up from Monday's ASX close of 4273. The weekly chart shows that the trend is down.