Markets Index Gold $667 dn-15.50 p&f chart
Gold price has failed to maintain a bullish pattern on the point and figure chart this time. Note the chart has reversed dn-4 squares from a high of $685 sq. down to $670 sq. That is the method of drawing the p& f chart so get use to it, thanks.
In my report dated Mar.5th then gold was at $635.9 dn-8.10 and the low hit $634.50. That week, it hit my downside target at $640, & just $5 in error, not so shabby. Gold has been hit, due mainly to the risein the US Dollar off my downside target at 81, infact it hit a low 81.25, not far off, an error of 0.25. Being oversold at 91, it is now rising to my upside target of 83.10. So expect gold to remain down until the Dollar resumes it's Bear trend. My target is at $638, about a $30 more to drop, so watch this p&f chart at www.Stockcharts.com
Charlton Capital Ltd. 618, and off you go.