Princessgirl

Gold is going down ...

Short
Princessgirl Updated   
AMEX:GLD   SPDR Gold Trust
I'm predicting a 50% move down until 151, or possibly a little lower to 148 with a target of around July 6th.

The DMI is looking like it will cross. The ADX, which represents strength of move is a little low for me. But that could go higher by the target date.
The MacD is starting to decline. (not included)
The CCI is in the overbought position.
The Stoch RSI which is leading indicator has crossed signifying a down move.

I have the EM, MA, and WMA because I am trying to learn more about them right now.

Comment:
It may only move down to only 159 and then go back up.
Comment:
I just re-adjusted my triangle and I now have a target range of July 8th or 9th for Gold to move.
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