milanjelic
Long

GOLD BRAKEOUT AND MAKING PREVIOUS HIGHS AS 1424 LONG ON XAU/USD

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is consolidating quite long from 28.th of June 2013 till nowdays.

On Forex, on October route 6.7 T USD loss was achieved on global equities market.

I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter ).

That's 2676B loss achievend in one month time.

The time has come when all stock indexes will collide, wheather ndaq , dji, spx or any other index except probably long 15% on of CHF/EUR.

The problem is as mentioned above that index points on S&P500 (any of them) are negative in sense that US economy should make pullback on October/November 2015 and Jan/Feb 2016.

Instead, every index was pushed (artificially) 50% over "it's limit' so space for speculators is wide opened all the way down to 1867 on SPX .

When SPX starts to collide big time as reaching previous low (2350), will make 2400= 11,5% fall X 24T=2500 B USD short on SPX .

Money will move from those who collide (either Amazon, Apple , Adobe, Blizzard, Google , Facebook , Chevrolet, General Electrics, Nvidia , Intel , AMD , Tesla motors.

Every index will fall, not just there, but also, Europe, Asia.

Gold will be the one which is certain gainer projected as in time of any crisis in front of our nose, it's just newspapers like WP and Bezos are calling for buy of stock...

Gold is continualy raising trendline and now comes to the point where it can make brakeout and surpass previous LH achieved before dump.

Potential on gold is 1800 LONG before serious consolidation, then it will continue with hype.

FIrst target 1424.

Technichals :

*Macd oversold.

*Weekly macd bullish

*Stoch RSI on very bottom on W1 timeframe

*RSI sharply bending upwards.

Trade closed: target reached:
Comment: http://prntscr.com/rzu9yd

Gold made 1746$/OZ just now and retracing.

Therefore was pointing that will surpass previous highs as it did.

Cheers and good luck guys.
Trade closed: target reached: Surpassed previous record and made new one several days ago. I'd short it now on 7x. Safe play is 5x short

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Trump power
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milanjelic crypt0logic
@crypt0logic

Totally
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