Another Sample of R/S Gold Price on 22-23 Oct 2012

  
This is another sample of gold price which form a clear trend pattern. This pattern is really nice to make some profit.
Gold often makes this kind of movement whenever there is no strong-impact-news.
I usually wait for the gold movement to form 3 clear "bottoms" and 3 clear "tops" that I can draw the line and then take a position on 4th "bottom" or "top" with TP at its next "bottom" or "top"

This is the gold price ranging on 22-23 Oct 2012.











Have a nice profitable trading....

GG, 2012-10-23