RussBrowne

Gold in Euros, final low coming towards end of 2018

FX_IDC:XAUEUR   GOLD / EURO
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Oscillator for both euro and dollar gold is pointing towards end of 2018 for final low, perhaps test the $850 1980 high as Martin Armstrong has suggested.
Aug 04
Comment: Gold should see a temporary rally as it is oversold based on money flow, support lines, divergences.
perhaps test the $850 1980 high as Martin Armstrong has suggested -

Can you elaborate this idea? Where can i find supportive reading for it?
+1 Reply
Saeglopur sahinrecan
@sahinrecan, Count me in, @RussBrowne could tell us more about that context?
+1 Reply
RussBrowne Saeglopur
@Saeglopur, according to martin armstrong gold can go down and test the 1980 high of about 875 because as europe gets deeper into trouble with it's debts, capital will continue to flee to the usa, pumping up the dollar which prices gold down in us dollars, eventually the usa will start to get into trouble to and then gold will start to move, maybe by 2019 in theory.
+2 Reply
Saeglopur RussBrowne
@RussBrowne, I'm all for that. Look at my analysis but from XAUUSD perspective, how it played so far :) Although geopolitical conclusions needs a big update. Also I think that we are in a rolling bear market which means that only some assets one by one are crashing while overall market is quite stable - now it's turn for a gold and we are seeing it. Buuuut I hope that we will stay at higher low than last one (which was already a first higher low since 2011).
+1 Reply
RussBrowne sahinrecan
@sahinrecan, read armstrongeconomics.com use their search engine for gold
+1 Reply
RussBrowne sahinrecan
@sahinrecan, according to martin armstrong gold can go down and test the 1980 high of about 875 because as europe gets deeper into trouble with it's debts, capital will continue to flee to the usa, pumping up the dollar which prices gold down in us dollars, eventually the usa will start to get into trouble to and then gold will start to move, maybe by 2019 in theory.
+1 Reply
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