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Divergence, a Valuable Tool

Technical observations of

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

NOVEMBER 9, 2005

Hoye Archives

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