Monday, October 18, 2010

ASX Gold 18/10/2010

Gold ETF (Gold in Ozzie Dollars) continues in its sideways shuffle with a slight upwards bias.

There's still not enough in this to declare a "buy" signal.

A break by the ADX above 20 with an upwards break by the stock above the 1356 area would be advantageous.

This is still a day by day proposition - not enough reward/risk benefit yet to say "buy".

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