- January 26, 2012
- Posted by: Ramki Ramakrishnan
- Category: Gold
Yesterday I had posted a short term chart in Forbes suggesting a possible correction to 1625 area. However, from just below 1650 we saw a massive rally spurred by the FOMC statement. Of course, any shorts should have been stopped out at 1665 or close to that as recommended. WHere do we go now? Take a look at the following two charts.