| From Mineweb.co.za: Changes in the structure of gold markets where most transactions no longer involve the transfer of physical gold make some technical analysts' conclusions irrelevant. Over the last eight years or so we have seen the Technical Analysis approach to the gold price give incorrect signals, when seen in isolation.
Many times the technical picture pointed down on the gold price in the face of a strong fundamental picture. We know that this has wrong-footed many gold investors who found themselves waiting for a fall only to see it consolidate then rise..............................................Full Article: Source
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