JAY_c5velm

Death cab for cutie (gold)

Short
JAY_c5velm Updated   
COMEX:GC1!   Gold Futures
Gold will continue its downtrend.
It could stop soon, around 1790$, and move up for a week or two and reach 1.860$
Then it will go down again, with the same strenght to find the 1680 level.
And timing...pretty fast, it could happen in less than two months.


And now the band (great band) Death Cab for Cutie.
And the song Transatlanticism
Hope someone enjoy the song also.

www.youtube.com/watch?v=Nr6R98tT...



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Swing tarde could come inthe 1720 area..... Bear is strong. So, if It does not stop in the 1780 area (an it seems it wont), ot could fall till 1720 before any jump in the price..i think. Lets see
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Think is topping now at 184x.
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Could have a few more up days, with gold finally reaching 1860 or close by Monday/ Tuesday
The down till end of June
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Get ready for a very bearish month (June)
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Expect a bottom beginning July 1680$
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For any of you who trust maths & stadistics. From my analysis I had conclude that gold is at the beginning of a monthy berish trend. That means, at this point, betting gold trending higher from here (not a spike of a day) goes againts all history data series back to 1974.
So, probability says we will see lower 1785$ (futures) almost 100% based on past performance. Even if gold goes to 1920 should rerverse and go there...something I dont give any chance to happen.
So trend is bear. Main trend (monthy and weekly).
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Bearish. Expecting 1750$ price at the end of this coming week. Everyone should trust in its own system, and so do I, with the help of math.
Tracking daily moves (impulses) up or down back from 2011 (per my own system) i conclude that we neveer had an impulse down like the one we had these last days: top 1882,5 and bottom at 1809,2 (futures data).
That means two possible things:
- This is the first time in 11 years that happens something like that ( and there is always a first time)
- We should expect lower lows in the next days...1809,2 is not the bottom.
So, place your bets...
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