The Italiad said NO, EUR down, DXY up squeezing our GOLD but Suerly She will Bouce, just for awhile.
Not logical but always emotional of the crowd.
Trade Set Up: Time Frame DAY
Position Long: Near Price 1165.1167
Total Period: 12 - 18 days
First Target: 1169/1170 ( Prove to be very thick resistance, might her a ...
Finally the time has come for The Black Gold to Rise.
Counting down to Break 51.732 soon and completing Wave 1 and.
All detailed Explaing in the Chart.
Near Price Enter: 51.7/51.9
TP2 Long Term; 64.460/72.136
Positon: Long Long and LONG!!
Suggesting Sell Short Correctin at eace Thin Grey ...
Continue and confirmed from my prediction last week on Dec 2nd "THe worst is almost over. Break 1,169 and Let the magic begins" URL below the section.
She did it! Even 3 days sooner than the forecast.
What a persistent precious metal she is!
Never in a market something will just go up or fall down as a stragt ...
Though might contradict with the rate hike and soaring oil prices, however, let the graph and the math, together with some surprises of the market, show its feelings.
If Gold breaks down the support at 1165/1150 then prepare for Wave C rebound profiting LONG before opening SHORT aging when she stars to tumble ...
1. The the imminent Rate Hike and
2. The DJIA hitting a new high Riding in Wave 5 and
3. Dollar Index also New High and riding Impulse Wave
4. all the stimulus in Asia and Emerging Market,
ALL factors pressuring down the gold prices.