Saturday, May 3, 2008

Updated TA on the HUI index

Here is my updated chart of the HUI index for May 3rd, 2008. Im expecting some consolidation around the current levels with a drop of about 15-20% more from here should gold fall towards $800-$780 level. At the moment Ive started to build a position and will add more if the index can close above the 200 MA for a few days on strong volume.

Feedback and comments are always welcome.


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