Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Wednesday, August 10, 2011
GOLD Weekly Chart Showing 65 Week MA Magnet Line
Gold eventually makes its way back to the 65 week MA line. Note that the highs now are at maximum levels above this 65 MA magnet line, just like the two previous red ovals. Current action seems to rhyme with late 2009. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or on any of the links to this site. Consult your financial advisor before making any investment decision.
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