MTstiles

The technical bear case for Gold

MOEX:GOLD1!   None
328 1 1
Gold             has been trading very closely to the important level of 1299.6 for a couple weeks. The longer it hugs this level, the more likely it is that the level will be breached. If the price does break down, expect the AB=CD pattern to play out - giving a price projection of 1140 or $173 lower from Friday's close.
Nice one. I agree - I think this is the week. Just need to find the right entry point. where is your stop loss?
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