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Friday, April 29, 2011

GOLD Update 04292011

" .. If we break cleanly above the upper trend line we anticpate a move to $1556.80 will be underway. From a cyclical standpoint, given the current market mechanics, it appears the trend is up untill 1 May with a possibility of a sell-off into 3 May. " -- Yestarday's Theta's Pendulum report.

Updated chart attached.  I hope you all profited mightly!

Look for the trendline on the chart to provide resistance going into the Sunday night Asisan session..

Have a great weekend..

--Tony

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