Gold 4/2010

Gold is making the move to 1350.

Nice breakout move the last 2 weeks. The indicators are very supportive of this move.

Gold

Gold has broken out of the long term inverse head & shoulders identified here: http://rpbsinvsvcs.blogspot.com/2009/08/gold-update.html and has hit its first target of 1050. The next buy point is a backtest of the breakout at 1010. Stops are back in the basing area below 1000.


Long term holders should hold. This has a long ways to go.

Gold - Long Term

Gold is making the move. The Indicators are showing more room for this move. We should see new highs in the coming weeks. After the breakout, stops should be moved to just below the breakout.