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Long

#Gold hard rejection at "Golden Cross"

FX:XAUUSD   Gold Spot / U.S. Dollar
247 2 4
The "Golden Cross" right in the PRZ ( resistance zone ) pushed Gold             lower. The overlap of 61.8 and 161.8 acted as a wall on Gold             attempt to cont. bullish move. The recent PA is in line with the overall bearish trend . However, the breach of 1146 hasn't happened yet.
Since Gold             made a new high, this Higher Low could show that 1131 was the bottom.
Talk about a bullese...great chart.
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Gold will continue southwards. I am unable to predict the exact target for it, but I project $9 for Silver. The reason is Dollar Strength and Google trends lacking shortage on those commodities, as there were such on each bull charge in the past. Correlate with price and you'll see. It's bulls dip bying but long term trend still intact. It forms a well know pattern wich will slowly turn southwards and come crashing down to a lower support level in align with the next dollar kick-up.
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