#210. Gold Price Heading Up

So Glad That Gold Price Is Swimming Up The Channel

From my last update on Gold Price trend, dated 16 Feb 2010, price has now gone up further.

In the last article, gold price was around USD1,113 level. And it was showing signs of breaking out of the downtrend channel.

Today, in the gold chart above, see how an uptrend channel has already formed. Price has closed at USD1,134.60 on Friday, 5 March 2010.

The blue arrow points at where the gold price has moved out of the downward trend. See how it broke out of the downward diagonal line like a small plant shooting out from the soil.

Let's hope it continues swimming in this uptrend channel... and also hoping for a bigger upward run. Hehe, greedy me.

Some analysts foresee a new high to form soon. Well, for me? Just going with the flow at the moment.

Those who have bought in February can now see a bit of profit.

See you at the peak.