Gold Today Fills Another Gap!

On July 3rd I wrote about gaps in the gold trading chart

June 6th between $650.0 and $638(June 8th between $632.60 and $625.50)

June 13th between $611.30 and $595.

Not only was the latter filled on June 30th with the high of $618, but the daily August contract broke out and left a very bullish Island Reversal behind (trading 13 days between $599 and $565. Today we attacked the June 8th gap with Gold reaching $625.10. Based on the last two gaps down, I am revising slightly my August 1st projection of $800 an ounce to $800 an ounce in August after the 15th. (see chart:

Today we filled the June 6th gap with gold so far trading as high as $656.70! There is one last gap to fill which is also resistance:

May 19th between $687.80 and $685.50. Then, IMHO, we are off to $800 in August.


Please be aware that investing in stocks or commodities can lead to financial loss and that “Mover Mike” will not accept any liability for any loss incurred due to any information or recommendation gained from this website. This blog provides commentary on most things to do with investing in the stockmarket, share trading, politics, the economy, and anything else that may take the owner’s fancy or infuriate the owner! Use the information provided on this website at your own risk!

August Gold Gaps Mover Mike

Discussion Area - Leave a Comment

Copyright © 2007 Mover Mike. Design by Anthony Baggett.

Fatal error: Call to undefined function is_sidebar1_page() in /homepages/7/d182093141/htdocs/movermike/wp-content/themes/networker-10/footer.php on line 13