 CHARTWORKS - NOVEMBER 9, 2005
Divergence, a Valuable
Tool
Technical observations of RossClark@shaw.ca
Bob Hoye
Institutional Advisors
Nov 11, 2005
Divergence Has Been a Valuable
Tool when Evaluating Gold and the XAU.
The recent pullback displays
a bullish divergence.
- Support around 103.50 on the
XAU must hold in order to maintain the positive bias
- Due to the correction on gold
to $456 the upside target for the next rally is being revised
to $526
Bob Hoye
Institutional Advisors
E-mail bobhoye@institutionaladvisors.com
Website: www.institutionaladvisors.com
CHARTWORKS - NOVEMBER
9, 2005
Hoye Archives
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