Wednesday, November 4, 2009

Wednesday Commodities Round-Up

Click for a larger image.

A.) Gold spent three months consolidating in a triangle pattern.

B.) Gold breaks out on strong volume.

C.) Gold consolidates original gains.

D.) Gold gaps higher on strong volume

E.) Gold consolidates gains

F.) Gold again breaks out on strong volume

Notice that throughout this process the EMA picture has remained constant: the shorter EMAs were above the longer EMAs.