From Market Oracle
''A look at the gold market over the last few months shows that the
pattern of price movements has changed from the traditional patterns.
If you take the time factor out of charts on the gold price, the
pattern of behavior becomes simple. It is a strong rise followed by a
narrow, short consolidation pattern before a further move forward.
This is unlike the saw tooth pattern we are used to as buyers and
sellers reassess price prospects constantly, giving rise to more
extended consolidation patterns over longer periods.''
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