WallStScalper

Trouble.... at resistance!

FX:XAUUSD   Gold/U.S. Dollar
631 8 0
Gold             at resistance. The 1260 handle needs to be taken out.

Speculative:
The 100 day ema could be the magnet at 1277.
With gold             at this level... many will become very bullish ......
But the 1260 handle has to be taken out. Its a master level for gold             - a line in the sand.
That's why we see the strong move back/down
The RSi has turned down before at this 60ish level. The battle is on..!
Music at work:
http://www.youtube.com/watch?v=zIl_RPSO4-U
http://open.spotify.com/track/0R8P9KfGJCDULmlEoBagcO

But as always.... time will show
Safe trading ladies and gents!
BM
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A close up
snapshot
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YenZa
3 years ago
GDX movement is divergent to GOLD so significantly, Why?
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WallStScalper PRO YenZa
3 years ago
Because mining stocks has been beaten down for almost 3 years so they are letting steam out. Have a look at the mining stocks I have made TA on some of them on my TW stream (wall). They all have been rallying for many days now. But I do believe they soon having a rest an retrace. 1260 is the line in the sand so it will take probably some days of back and forth before gold will have build up enough strength to take out that handle. But.... time will show!
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YenZa WallStScalper
3 years ago
Thank you very much for your responds. Do you think Gold and Gold miner is on bottom right now.
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WallStScalper PRO YenZa
3 years ago
I think they are if 1260 is taken out!
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2 breakouts now.
1-2 days more above negated neckline and a gold and miners are as predicted 12 days ago headed much.higher
snapshot
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MicroCapEquity WallStScalper
3 years ago
I have some targets for this DCH in metals and miners. $SSRI 9.65, $SLW 24.88, $SLV 22.23, $GLD 131.00 , the week of Feb 2nd.
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WallStScalper PRO MicroCapEquity
3 years ago
Thanks for sharing! It looks promising ....if one is a bull :)
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