Jesse’s Café Américain: A Closer Look At the Gold Chart For a Break and Run Possibility

25 January 2012

A Closer Look At the Gold Chart For a Break and Run Possibility

Keep an eye on gold for the next few days to see how it handles any consolidation here.

The formation, at least so far, is remniscent of the breakout that led gold to the all time high last year.

It could fail and retest some lower support level. We need to be aware of that possibility. But a consolidation with a subsequent gap higher and breakout run could be a wild ride.

Posted by Jesse at 5:48 PM

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