bhowe

GOLD Failure?

Short
bhowe Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Im looking at GOLD starting to roll over. I expect a retrace to 1183. Buying JDST and DUST to maximize
Comment:
DUST working nicely. Bullish crossover expecting target of trend line as minimum.
Comment:
I'm not buying this move in gold. US Dollar looks primed to move higher here. The USD just finished a three drives pattern. TSI is crossing positive and %R is oversold and curling up.
Comment:
Still on track. Bouncing off resistance at the upper trend line.
Comment:
US Dollar primed to move higher, this will put pressure on gold to move lower. JDST and DUST will be real winners by this time next week. Enjoy the %%%

Comment:
Bearish TSI cross on gold, with over bought %R indicates prices going lower. AB=CD pattern indicates sub $1200 coming our way.

Comment:
With continued moves higher in gold, and no sign of miners moving higher, we should be on the right side of the trade. JDST and DUST move up today with golds higher move. Very encouraging.
Comment:
Target ahead, stay on course please.
Comment:
DUST target reached.

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