GOLD UPDATE - Did you buy the breakout?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
125 0 7
Commercials like to unload their positions at the breakouts. Small speculators are entering into positions at the breakouts and stopping out during the pullback.
Most probably this thing is happening here when gold             broke above the october high and price tagged 1200.
In the last 3 hours of gold             trading price dropped more than 10$...

We should come down into the daily cycle low in the following 5-8 days.

I will use Fibonacci levels for targets:
50% - 1136.51
61.8% - 1121.26

GDX             and NUGT             ( Mining verctors) printed a reversal candlestick today.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out