M4B0X.
Short

Gold - weak seasonal demand, bearish outlook

FX_IDC:XAUUSD   GOLD / US 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:

snapshot
Trade closed: target reached: Well, that escalated quickly.
Target hit.
Hi Mabox,
Does that means your chart predicting the bearish pattern in the remaining of this year ?
Reply
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
Reply
M4B0X. albertwt
I agree, will watch price action at 1240 level.
Maybe second half of october for some swings up.
Reply
Very nice!
+1 Reply
M4B0X. Carl_G
thx, yeah looking good.
Reply
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