(This post was last modified: 2013-04-14, 11:31 PM by goodtyneguy.)
RE: Watchlist - Traders method
Gold broke down and closed below crucial support last Friday on heavy volume. A potential stage 4 is in progress.
The fly in the ointment maybe the fact that Silver has held support in a similar chart pattern so caution should be exercised with this at the moment in my opinion. Besides the stop is 3.79(ATR200) so it is probably better to wait for a pullback to the BD level anyway for an entry point.
What do you think isa ?