Gold - weak seasonal demand, bearish outlook

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Short, looking to add on bounces.
If history holds, consider buying in the first week of december.
Comment: Wide chart for clearer structure view:

Trade closed: target reached: Well, that escalated quickly.
Target hit.


Very nice!
+1 Reply
M4B0X. Carl_G
thx, yeah looking good.
how can i replicate this chart style man, any help much appreciated ; )
Hi Mabox,
Does that means your chart predicting the bearish pattern in the remaining of this year ?
M4B0X. albertwt
Yeah, current pesky price action does not confirm an end to the bear trend in gold market.
+1 Reply
albertwt M4B0X.
Very nice timing then for Long this week and probably until early next year Q1 - 2017
M4B0X. albertwt
I agree, will watch price action at 1240 level.
Maybe second half of october for some swings up.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out