Gold

Here's something to keep an eye on

dl.dropbox.com/u/40497882/Gold%20Weekly_March2013.JPG

Gold's hourly chart had bullish divergences at the recent low c. 1564 so that was a clue to go long. By my reckoning, this has completed 3 waves down but I think it's going to form a double three since 1564 is not really important enough to cause a trend reversal (IMHO). I therefore think that it'll make a new high above 1587 before dropping to the 1525 area in a further 3 wave move.

Granted that there's some supposition in the above.

Here's the hourly chart:



dl.dropbox.com/u/20815047/Goldhourly05_03_13.gif

I'm therefore going to look to go short at 1592/7 with a stop above 1602.

Looks like you called this perfectly Jackozy - well done.

dl.dropbox.com/u/40497882/gold%204hr12Mar.JPG

rgds ws

here's the updated 1 Hr now.

dl.dropbox.com/u/40497882/gold%201hr12Mar.JPG

Still watching this , here's what it looks like now: dl.dropbox.com/u/40497882/Gold%20Weekly_March2013v2.JPG

WaveSurfer wrote: Here's something to keep an eye on

dl.dropbox.com/u/40497882/Gold%20Weekly_March2013.JPG