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Bullboard - Stock Discussion Forum Gold Canyon Resources Inc V.GCU

TSXV:GCU - Post Discussion

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Post by Geospot on Oct 04, 2012 1:36pm

Gold

Broken key resistance at $1780.
Comment by boyon on Oct 04, 2012 3:15pm
going back to an earlier post on the GCU and RR downtrend since the Spring of 2011, I see today RR-T breaking through the trend. Interestingly small sell orders have been placed through Citigroup since yesterday as with GCU, the only difference is that this did not hold the price down today on RR.
Comment by Chobits on Oct 04, 2012 5:18pm
Not really broken until $1800 is broken. That is where all the shorters have there shorts. Tomorrow the BLBS report will be the deciding factor. 
Comment by Geospot on Oct 04, 2012 10:32pm
Fair enough. But if my information on the resistance level is correct  (and since I'm no technical expert, "my information" just equals too much research and aggregating and synthesizing the opinions of maybe 20 technical analysts), then it will break 1800 perhaps overnight in London even before the BLS jobs report or shortly after in New York....Friday or Monday. In either case ...more  
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