'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Thursday, March 20, 2014

Gold's Bullish Signal (again?)?

Showing in here a one hour chart from Gold that this humble market participant 'observed' that it might turn bullish because of that 'inverted head and shoulder' pattern (is emerging?). As far as this market observer is concern, it is forming that way. Though it might stall by tomorrow because it's Friday, a profit taking day, but there is a big chance come next week or maybe late Friday before market close it might starts to roll. Let's see, nobody knows, but you know market is unpredictable, it might go anywhere.