I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can you lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

Tuesday, September 27, 2011

Gold lands on support

On 26 September, Comex Gold landed on the first support level. In a bull market - which is gold - you would expect this 'first level' support level to hold and for market to now resume the uptrend. If this correction is over, the all time high of a few weeks ago would be the minimum target with the first resistance lying at around $1,715.
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