Monday, 8 October 2012

Gold breaks below the August and September rally trend line

Gold has broken below the up trend line that supported August and September's rally. That rally appears as a bearish megaphone pattern. As the chart shows, the two previous declines from current levels took Gold down to the low 1500s.

EUR/USD and DAX break lower through hourly chart trend lines

Will Europe spoil the party? Sometimes, from little things, big things grow.