AlphaDreams

Gold's bearish moves back to the bottom of channel.

FX:XAUUSD   Gold/U.S. Dollar
63 0 3
We didn't break the upper trendline and came down to break through the smaller TF lower trendline to find more buyers. Indexes continue to drop so we'll watch where gold             finds ground to push from. Either 1370 or if it needs more buyers and better timing (the end of the week maybe with new economic press) we'll hit 1350 before higher targets.
For many centuries chemists labored to change lead into precious gold, and eventually found that precious uranium turned to lead without any human effort at all. -- Isaac Asimov
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