12.14.11 GOLD’s Last support

How do you think the mining stocks react on this?

 

Breakdown on GOLD

 

1. Breakdown on symmetrical triangle

2. 3 Black Crows Candlestick Pattern – a very reliable bearish pattern. see definition here

3. Heavy selling(see volume)

4. Negative Macd

 

Last support – the 3yr uptrend line.(wkly chart)

One thought on “12.14.11 GOLD’s Last support

  1. Pingback: 12.15.11 AT « spicysiomai

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