#199. Gold Peak And Valley 4

Tetrahedron Revisit

In part one, I showed the possibility of gold making the triangle (see below). That was on 27 November 2009.

Today, the gold price looks like it is going to make the triangle.

Let's wait for it to make dip to the valley projected around USD1,080-1,095 area. Once the triangle has closed its gap, we will see price rebounding higher this time. It's good to buy at the valley nevertheless. Always buy at the valley especially when it hits the trendline (blue line). Reversely, always sell when the price hits the top of the upper trendline when it shows an inverted V.

Anyway, this is just my projection. I may be wrong. Price may go below the lower blue trendline. If that is the case, we just have to see how low it goes before making the V.