Is There Any Future For gold?!

FX:XAUUSD   Gold Spot / U.S. Dollar
1126 18 20
Dear friend's

Is there any future for gold? I say absolutely NO. We dont have any good future for gold             . there is impossible to have bullish movement.

The more important trend line from 1046 was break at Fridays when price move around 1317.
i dont have any bullish idea but there could be have some correction at Mondays possibility of poor maximum at 1338.

so, we can have two reason:
1) move to 1296-1294 for first step

2) move to 1334-1338 again and back under 1300.

The long term of this yellow metal is bearish . There is no way to drop down.

Hope you choose the best and right things that you believe.

Kind regards,
Trade active: buy with 1307 SL
Ok only because i trade pure price action i cannot totally disagree to this one but considering recesssions take place every 8 to 10 years and the last being almost that time ago and with very questionable and very scary financial uncertaincies all over the global economy (brexit, negative interestrates, EU and so on), would you say, that there is a high probability that your 4h (lol sorry) chart will play out? That there will be a 65% decline in less than 3 years in the investors global safe haven? Sorry but.. pls dont go overleveraged.. lol..
+1 Reply
OK, no problem. But, you absolutely fundamental view of the case. But technically, can take the first letter. How ever, This is 4h timeframe and the target on 4h is around 1300, not more. but in long term W timeframe Gold is on the hell and we are still in bearish trend. and dont escape. So turn on your position relative to it.

+2 Reply
sulbas PooyaSalehipour
i think same gold, same sh*t. gold has no reason to move up. EURO is getting weak daybyday -i.e. deutche bank-. since datas coming from US are well, FOMC has room to rise hike a bit. i think they will do it in addition to meet with their promises to the people/markets. as a result, i think its running down for a big correction
+3 Reply
albertwt sulbas
Sulbas, do you think it will be bearish until the beginning of next year ?
+1 Reply
sulbas albertwt
I cant say a level but it seems that this big correction will take a bit more as soon as taking breath from good datas and election rumors. On the side big boys are clearing every evels the bottom for a smooth jump. Wll see it.
+1 Reply
I agree that this week will see a move to 1338 area then back to test the 1290 and potentially break through to lower 1260 range.
+2 Reply
graham.edwards84 graham.edwards84
+2 Reply
pooria jan fekr mikonam ba in adam hemayate khanume yellen az dollar ( inke hamash mige dollare bala be zarare mast) va naa omidi maghamate mali az jomle yellen az afzayeshe bahre dar sale 2016 ke nashi az tarse anha az sharayete orupa hast va meyle shadide dollar be paei umadan va barkhorde gheymat tala be kafe khate ravande soudi boland modat, ehtemale ziad gheymat bayad az inja eslah kone va bere bala ta 1330-1334-.......-1413-1418
+2 Reply
PooyaSalehipour sirblackhawk
Thanks for your view. but let me know what is your reason? and please share your idea with chart.
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