More from ronjaenisch
More iReports you should see
Gold continues down trend
After prices reversed at the minor ORE point, it was noted here, in a timely manner, that the next target was the Babson Reaction Line.
Prices have made it to the reaction line and reversed, as can be seen on the above chart.
A break down in gold prices would probably lead to a selling panic, what some may refer to as a clearance sale. According to some technical analysts, this may come to pass this summer.
Prices have made it to the reaction line and reversed, as can be seen on the above chart.
A break down in gold prices would probably lead to a selling panic, what some may refer to as a clearance sale. According to some technical analysts, this may come to pass this summer.
- TAGS:
- breaking_news
What do you think of this story?
Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
Be and editor! Choose an option below:
iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.
© 2013 Cable News Network. 
Comments