M_K

Don't Long

TVC:GOLD   GOLD (US$/OZ)
1079 4 17
1- The current Scenario is very Negative for Gold            
2- Currently the Gold             is Rectifying
3- Landing Area could be 1130/1120 then Long to 1445/1450 Area, this is Based on Numerical Analysis (Historical Records)
4- 2nd Scenario Based on Technical Analysis (as the book), the Landing Area 1100/1080, then Long from this area
5- We may see a Double Top at the 1200/1170 Area that will be a signal for a strong Bearish
If 1171s break I see 1103s ;) I agree with your long TP. Bear till after Fed hike IMO.
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M_K eskgroup
@eskgroup, Thank you for your valuable comment. I Agree with you, most probably bears will break 1171 and as I mentioned it may come through Double Top that will go to 1103 as you mentioned then a strong bullish.
Same as your opinon that this will happen till FED Hike, currently the Gold is pricing itself due to the FED, after the FED Hike news, so immediately no more bearish and the Gold will start the Bullish Trip.
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@M_K, Agreed! I am using this as a guide for now...
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M_K eskgroup
@eskgroup, nice
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