|
|

樓主 |
發表於 2010-6-10 05:42:10
|
顯示全部樓層
SPDR has no change on its holding.
From Daily Chart, yesterday did not made any record high price and the daily high was 1,240.3. It fell to 1,221 and finally closed above 1,230 at 1,233.2 (5 a.m. my chart).
Yesterday closing is lower than Tuesday's closing and the closing for Monday to Wednesday is dropping gradually.
Today, 4 days MA is 1,235.3.
This is the first resistance.
From Daily Chart, a Double Top shape is likely to form.
It looks like the shape of "M" and we are waiting for the last stroke of M.
On 14th May, 2010, gold highest was 1,249.2 while on 21st May, 2010, gold lowest was 1,165.9. The range was US$83 and only took 6 trading days to fall.
If this time is a real Double Top (A Double Top is formed when it fall below the lowest point of first top, the neck line, that mean 1,165.9), another $86 drop is expected, that mean around $1,080. <-- of course, it may take quite some time to reach this price. |
|