Archive for August 19th, 2011

Short-term Forecast for August 19, 2011

Short-term Forecast for August 19, 2011

| August 19, 2011

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Gold Surges to Another All-time High

Gold Surges to Another All-time High

| August 19, 2011

Gold closed moderately higher today, moving up to another all-time high for the secular bull market from 2001. Technical indicators remain bullish overall on the daily chart, strongly supporting a continuation of the advance. However, the uptrend has become extremely overbought on a short-term basis and the angle of ascent has increased twice since rebounding [...]

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