Expecting Gold to bottom on Monday or Tuesday between 1925-1910.
Whether it will be all of the correction and Gold starts a strong move well beyond 2000+ or not yet will depend on the price action and volume around 1970 region.
I will further update the week's action within this post so please check back or you can ask me directly for my opinion.
Gold rallied back to the value area around 1945 in NY session after spending most of the day in a very tight range.
Lower prices still to come. Immediate resistance above is 1952 which i expect will hold for now from where if tested prices should continue to come back down.
Downward pressure will remain until 1970's can be cleared.
Outlook remains the same. Expecting it to bottom between 1925-1910.
Lower prices still to come. Immediate resistance above is 1952 which i expect will hold for now from where if tested prices should continue to come back down.
Downward pressure will remain until 1970's can be cleared.
Outlook remains the same. Expecting it to bottom between 1925-1910.