chartwatchers
Short

A possible bear market end BUT A PULLBACK IS COMING

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
217 0 10
Everybody is talking about the possible bear market end in gold             . But how many times were we toasted in the last 4 years????
We are in the 2nd daily cycle of an intermediate correction. (Day16) Gold             daily cycle usually lasts for 20-25 days. in the following week we should start to move down to the daily cycle low.
This bear market rally is very powerful, maybe the most powerful. Friday (07.02.2016) we had a bollinger band crash on Friday in gold             . In the past BB crash was signaling a correction many times at the Daily cycle tops. And bigmoney might have started to take profit in miners in the hysterical short covering on Friday afternoon after breaking above the hourly key reversal : NEM             , ABX             , AUY             , GG             , IAU             , NUGT             , RGLD             , NG             are all on the SOS list.

So I'm not saying that the bear is not over , but this is not the time to enter a long position because we are going to have a pullback in gold             . (Red arrows are showing the intermediate tops)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out