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gghsusa

xauusd forecast based on broadening formation

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
gghsusa Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Wave Analysis Trend Analysis GLD NUGT DUST GDX GDXJ JNUG JDST XAUUSD DXY
7
2
chartpattern waveanalysis trendanalysis gld nugt dust gdx gdxj jnug jdst xauusd dxy
$gld $nugt $dust $gdx $gdxj $jdst $jnug $dxy
Strictly based on technicals, gold has a lot of room here over the next few months
snapshot
Comment:
Looks like large bullish crab pattern completed (x-d of 1.61) and bounced off that looooong term TL (pink). Now back in the downtrend channel.
snapshot
Comment:
Comment:
Gold should get some attention for a while. Long Long term bullish but we could be looking at 1000 gold or sub-1000 before it ever turns parabolic again:
snapshot
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