MidasTouchConsulting
Long

Gold - Consolidation since early July about to end

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             has been consolidating over the last two and a half months. It did everything to confuse everybody.
But besides all this short-term noise there has been a very important and extremely bullish development.
The Slow Stochastic Oscillator is sitting with both signal-lines above 80 for more than 3 months now and has therefore converted into the rare embedded status. This is super bullish and means the uptrend is locked in...
I think the final bottom is due until next Wednesday between $1,300 and 1,310.
From there Gold             will shoot towards $1,415-$1,430 pretty fast....BUY THE DIP
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Thanks for the post and charts. As a subscriber to 'The Midas Touch Consulting Report' I appreciate your insights and forecasts.
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