Monday, May 23, 2011

GOLD - Daily Settup

I've been quiet for a while, but this set up on gold should make up for it!

Gold is consolidating and is at the highs of it's consolidation.  Now would be a good time to short gold, looking for a break to new lows.  If this break does not happen, it is likely that profits can be taken as the metal consolidates to the downside of the current price.



Cheers!