afbitcoins
Long

Multiple attempts to break up

FX:XAUUSD   Gold/U.S. Dollar
141 4 5
Gold             is below a very obvious line of resistance and once again close to testing / breaking up. Based on fundamentals which include central banks QE             , negative interest rates etc I think only a matter of time until it breaks up. Perhaps in short term we will see another dip with gold             constrained in a wedge in the shorter term. Central planners will like to keep gold             under this line as long as they can manage. You can probably expect massive shorts dumped in futures market and all the usual manipulations. But in they end they lose.
albertwt
2 months ago
Nice one mate,
I guess the chart will be going upwards from this year on wards ;-)
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afbitcoins albertwt
2 months ago
Who knows? But thats what I'd be betting though
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afbitcoins
2 months ago
I wanted to post a close up view of last few months but not sure how to insert a chart into the comment.

snapshot


Anyway not really surprising gold now dipping from here as I suggested in the short term. In long term I still like to be long gold.
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afbitcoins
2 months ago
turns out its easy to insert a chart i just pasted the link
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