#194. Gold Peak And Valley

Gold Is Making A U-Turn

Day after day gold tirelessly climbed higher and higher. Each day, a new record high is achieved.

However today, my indicator has shown that gold is now taking a breather after all that climb. Those who has bought may want to sell to take a profit. The weekly trend is still up (more on this later) and you may hold.

The chart above shows the Daily Trend is making a sharp U-turn. You can also see 3 triangles bringing back memories of the Tetrahedron theory. Once the last big triangle is formed, we will see gold spring up again massively. That's just my theory and view. I may be wrong.

Those who are waiting at the sideline to join in can wait to board the gold train later. Just wait for it to reach the valley first. No hurry. Just be patient.


Weekly Trend Vs Daily Trend

Here is a tip to share with you that I have learned from an investment book.

When the Weekly Trend is up and the Daily Trend is down, buy.

Let's just wait for the Daily Trend to reach the valley, then load up your gold.


Good luck in your investment.


Updated at 12:06 AM, 28 November 2009:

Gold price stands at USD1,180 as I write. The Dubai news has caused panic selling. Gold touched the low of USD1,137.75. Truly amazing that it moved back up to USD1,180 so quickly. The strength of the bulls and faith in gold is really still there.

Keep watching the trend. They are the footprints of the bulls and bears running together. Looks like the bulls are leaving deeper footprints for now. Still, be cautious and keep a watch.

See how the price opens on Monday, 30 November 2009.