Monday, January 14, 2008

Gold hits 900 as per my prediction


Three weeks on, I look at gold chart and indeed, it has hit the USD 900 that I have predicted on the firm breakout of the triangle formation.

The worst thing thing being a trader is to have a good set up and miss the trade altogether. It is a whopping 9.1% to be made from the move from 825 to 900 and unfortunately, I did not put on the trade due to the some stupid reasons which I won't reveal right now.

Right now, it looks like it is going higher. There is slight divergence and I will wait for pullbacks to establish long positions again.

Till then, have a good week.

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