We are at the intermediate trendline. It's an important resistance zone we should be bouncing from here.
I know it looks now we are going to 1260$ but that's just not going to happen though. We are simply too early in the daily cycle.
Most of you will not be able to buy at this point. For those I suggest don't go short at least.
This dip will be bought.
I know it looks now we are going to 1260$ but that's just not going to happen though. We are simply too early in the daily cycle.
Most of you will not be able to buy at this point. For those I suggest don't go short at least.
This dip will be bought.
Comment:
The trendline testback scenario is off the table...
Comment:
If stocks, oil, NatGas , Dollar is starting to fall together - from tomorrow - gold will be 1400 by Friday...
And tonight gold seems to be pricing this scenario....
And tonight gold seems to be pricing this scenario....
Comment:
Don't get scared. This gold move is a fakeout move. Stocks are correcting. The dollar is falling.
Someone used up the dollar pullback to push down gold's price to get a better entry.
We can pop in any minute.
Someone used up the dollar pullback to push down gold's price to get a better entry.
We can pop in any minute.
Comment:
Comment:
I will add a chart on the weekend. It's tricky: we are in a triangle.
But next week we should have a cycle top ...
But next week we should have a cycle top ...
Any comment from short traders?