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MidasTouchConsulting

Gold - The lows are in

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
MidasTouchConsulting  
FX:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis Gold goldtrading goldbullish
18
1
chartpattern trendanalysis gold goldtrading goldbullish
Gold is very oversold. Pessimism was very high!

CoT now looking very good. Seasonality as well.

Stochastic with divergences & new buy signal.

A bounce towards 1,240 USD is possible at least.

But I think we´ve seen the lows and gold will break through the 6-year downtrend line soon.

https://s23.postimg.org/cbajzleej/The_Midas_Touch_Gold_Model_07_16_2017.jpg

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