Gold will go out of channel and break support line (black) after need working with fibonacci level. 61.8 touch already. we have two way go to 78.6 fter good correction or now correction and go more down to new lows
Waiting for falling
I waited for
touch 78.6 level fibo and go up to 61.8 (1170)
2017 elections in EU, like Germany and French. Democrat (FED, IMF, ObamaClinton) friendly EU leaders like Merkel easily will be changed. Additional the migrants also giving a big chance to the nacionalist politicans to win the elections. Lots of money will flow soon to the silver and gold. Additional after every new USA president followed by a 2-3 month economy recession in the last 100 year.. i think too much money will flow back to the gold.
The long term i think absolutely bullish. My question is the enter point..... now or 1160?