Gratitude to The Ultimate Knower, for blessing with Knowledge and ability to share
Yesterday, I pointed out that Gold was trading in pattern, which stipulated that intermediate top in gold has been set up.
Furthermore, as one of my readers of the blog, correctly pointed out that financial markets having been trading in lock-step with the primary direction of gold market trend. That means, Gold is going take down financial markets with it.
If you look at the chart of Dow Jones Industrials, it has been stopped in the resistance zone, exactly, for last 3 days, where I have noted on the charts. These areas offers important resistance of time and price squaring and one of most important Fibonacci retracement of 61.8% of the markets high of Jan 11th, 2010. See the charts attached here and previously posted for the further information about the support zones.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Like always excellent forecasting.
Thanks for sharing