Gold long term short 996.66

FX:XAUUSD   Gold Spot / U.S. Dollar
440 8 1
Gold             long term short consolidation breakout down to around 996.66 and maybe as far as 683.36
Wow, back to 2008/2009 levels, when you say long term, how long?
vdubus BinaryCarl
I've been bearish on gold for a while. My best guess would be within the next 6 mths maybe be sooner. just waiting for the break out what do you reckon ?
Well it doesn't seem to be able to lift itself up from the $1200 mark suggesting that without something fundamental coming along to give it some impetus, it will break to the downside, it's just how far & how quickly. What you are suggesting is Wile. E Coyote's cliff :-) Bold, but not entirely unbelievable. What makes you think it will drop so fast, up to $600 in 6 months? It will certainly be exciting if it does...
vdubus BinaryCarl
aimple price action but on a larger scale. Price always return back to its origin. But that could work both ways eg.
vdubus vdubus
vdubus vdubus
1200 seems to be safe haven for gold
Interesting, very interesting, we will see how this develops, thanks for putting it out there.
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