Ideally, the second bottom on a double bottom should be slightly lower than the first, for an extra strong shake out of the weak longs. We should know whether gold and silver prices are finalizing their bottoms in short order.
Monday, April 28, 2008
Gold Double Bottom
Gold and silver prices could be putting in double bottoms for this temporary reaction / correction.
Ideally, the second bottom on a double bottom should be slightly lower than the first, for an extra strong shake out of the weak longs. We should know whether gold and silver prices are finalizing their bottoms in short order.
Ideally, the second bottom on a double bottom should be slightly lower than the first, for an extra strong shake out of the weak longs. We should know whether gold and silver prices are finalizing their bottoms in short order.
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