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CryptoPAMM
Apr 16, 2015 1:32 PM

GOLD CORRECTING DOWN Short

Gold/U.S. DollarFXCM

Description

Downside target 1168, should be reached by 08.05
Comments
CryptoPAMM
GOLD hit my other downside target at 1174, now should be starting going up slowly
CryptoPAMM
Its going down pretty fast so could hit the first time target
futuresecuritieslawyer
1170 and 15.50 silver should happen this week, that should trigger some technical breaks and send us down to 15.00 and low 1140's
CryptoPAMM
Well first we need to see what will happen to 1170 support when/if hit
futuresecuritieslawyer
yes
tcas
I think 1170 is a good target. But very doubt we can reach 1140 soon.
futuresecuritieslawyer
Any comments on the daily and weekly closes (gold and silver)?
CryptoPAMM
We might see some spikes up on gold and it could move slightly higher (maby even double top near 1.222), although the target should be reached with high probability
futuresecuritieslawyer
The miners are pointing to more upside, at least in the short term, but the divergences on the daily and weekly charts in gold and silver say otherwise. 100% conflicting
CryptoPAMM
we are yet to find out but all my analysis pointing for downside correction that could be developing pretty fast
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