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tududu
Oct 20, 2016 4:39 PM

DON'T BUY GOLD Short

GOLD (US$/OZ)TVC

Description

"Buy gold" they repeated for the past two years.. .did you/your family/friends buy it?

Target: 1180 then 1108-1096, confluence of 100% fibo extension from last down leg, higher time frame fibo (zoom out the chart), target of possible head and shoulders, monthly pivot...

Comment

Did some small trades, but the idea is still valid for a pos-election scenario. Looking for an entry in the $1320-1370 range.
Comments
Traznor
Don´t buy why ?
tududu
Weekly chart still bearish to me calling for deep correction. Eventually if weekly/monthly finishes above $1450 I might change my views, but so far I'm not really eager to buy gold long-term.
Traznor
thanks so much for your view, help me so much. :)
f1l1per.
Hey Dudu!

Respectfully disagree, but knowing your analysis record i think the odds are against me :)
captrade
agreed

there will be more bull extention in sp dow for at least another year commodities down
dreambig86
Hey hi thats amazing analyse lets see whats happening in the market
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