Gold - Kiss 200 Week and Collapse

FX:XAUUSD   Gold Spot / U.S. Dollar
1192 21 21

I think we entering multi years of deflationary environment.

I am currently long gold             but this is very tactical.

At 1340, I will reverse into strategic short... Target 980/730.

I would take profit around 1000 and use more downside to build long term long.

Agree with you. Astronacci sees the same thing. 930 for the T/P
i think here can continue down this is gold can go down but USDOLLAR maybe down i think only! so i trade only i see!

Nice 200 week exponential moving average there.... You've got me agreeing with you here....
YaKa timwest
yes. i think the 200w ema if reached is worth a good try down.
Agree, nicely done. But, wow sub 1000 seems like a long reach. What is your thinking fundamentally with that? If interest rates come to fruition?
YaKa smitheric1970
You seem to forget that your 1000 level was not ever reached before 2008...
As humans, our emotional time span does not enable to apprehend the market correctly... We unconsciously think, in various time units, that was was prevailing in the last 3 units will be true for ever.. true in daily, weeky, yearly etc...

Taking that into account you will realise that the norm for gold has been sub 1000 forever before the last 6 years.

as per the fundamentals:
1) the trend is down and it fell 800 dollars already... so 200usd is next door really.
2) there is defation.
3) i have the feeling that (2) is going to accelerate with a shock that's coming after the summer.
Very interesting, you definitely have my attention. I would be very interested in a /KC chart by you if you have any interest.
YaKa smitheric1970
Coffee.. posted something a few weeks ago.. still same picture.. dig it out..
Central banks cannot resist creating unbacked fiat though. Without gold backing there is no limit. If we enter a deflation the central banks will attempt to print their way out! Gold and loaves of bread could reach silly numbers.
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