I have watched gold chart and found interesting that on long term chart one can find both types of  trading idea:

a) bullish: represented by inverse head and shoulders pattern

b) bearish: represented by double (tripple) top chart pattern

What will prevail? Right now it is looking technically more bullish but based on my global macro themes I am not very bullish on gold fundamentally long term.

This entry was posted on Monday, June 29th, 2009 at 5:32 pm and is filed under Global macro, Stock chart analysis, Stock market comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.