Thursday, March 26, 2009
Gold Should Fall Now; March 26, 2009
Nothing new on gold other than it probably finished a correction and is headed lower. The above 4 hour chart shows the momentum indicators crossing down now with plenty of room to run. Plus, gold fell hard right at the close of the US session today which often has signaled weakness in the day(s) to follow.
Stops remain at $957 for 1/2 position and the last half will completely stop out at $971.