Friday, November 20, 2009

Now THATS a Heads and Shoulders

Normally not crazy about this pattern: frequently they are seen but not heard, that is they turn out to be 4th waves or consolidations, and even when they break down rarely meet the target.
HOWEVER, this is gold, and the crowd will certainly read this popular pattern. Lately there has been A LOT of attention on gold as a weak USD play, as has CRUDE.

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