andberg
Short

looking for support on GC1!

COMEX:GC1!   GOLD FUTURES
22 1 2
It may look like we have a support on GC1!             on monthly basis around 1150$ but all indicators are low with no signs for uptrend.
Weekly and Daily, all indicators are on downside, MACD is Under zero, RSI is Under 50% both with downtrend and STOCH is in the ditch.
We must wait for clear rising signal wich will appear on daily basis before going long.
Until then I wont be suprise to see GC1!             going Under 1000$ to the next support wich is around 900$ or even lower.
It is hard to make money on downtrend except if you buy product like ETF wich following gold             in downtrend like HGD            
Please trade carefully
LEONES PRO
a year ago
I agree with you, w'll probably see 1000.0 o lower
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