chartwatchers

GOLD - Time travelling

FX:XAUUSD   Gold / U.S. Dollar
775 3 34
Waiting for the next stage of the bull market.
I think we are going to tag the 200 EMA in the following 2 months and the rally will start up again.
In the following 2 months it will be hard to make money in gold             because price will jump up and down.

My advise to use RSI strategy - Tradingview has a very good RSI strategy in the indicators box- sell at overbought and buy at oversold. But in 2 weeks shorting gold             should be stopped because it's getting more and more dangerous.
When the second stage of the bull starts at the end of April             or May the shorts will be toasted..

Notice the difference between the last 3 bear market decline and the decline we are having now...
In the bear market the declines were a straight way down.
This decline is jumping up and down as big funds are positioning in gold             for the next 3-4 years...
Genius i love it
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love it...
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...which they want to get as usual at the lowest price possible...this should be at least at $1187 ish....looking forward to be all the way... back in...:)
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