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<p>[QUOTE=&quot;desertgem, post: 1077153, member: 15199&quot;]This seems to be a crucial band for technical traders of gold as the band contains what is called a &quot;triple top&quot;, where gold has tried to break out and then went down, so far 2 and 1/2 times. If it hits 1300 before 1400, that is the finished 3rd top and gold is in trouble. If it goes below 1280 , it breaks another technical level and is seen as negative. </p><p><br /></p><p>edit:</p><p>(I should have said that this is using the prices of GLD. Spot gold is higher usually by about&nbsp; 3%, but same indicator shape) /edit</p><p><br /></p><p>Now this again is technical, and not always factual, but it has been correct enough in the past, that traders almost make it happen because they fear it and begin to sell before it reaches the level they think everyone else will sell.</p><p><br /></p><p>I hold no gold currently for investment, only my numismatic gold, but even so, this is IMO.</p><p><br /></p><p>jim </p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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