Trump's weak USD words will scare the bulls away, weekly chart shows continue falling to the trend line.
Gold will be up to the trend line. price memory very possible, so the structure may be V shape on weekly chart.
The white vertical line is the symmetrical v pivot line. notice both of them start with a Doji.
so long gold and short Dxy continue.
we are at the pink arrow now ! ?
all the arrows, R S lines, bottoms,tops, even trend lines confirm the
possibility of gold next move !!!
if not agree with this, tell me your idea here please...
the pink line shows $1200 is about the next up leg, then reverse to the down trend till
if you started trading gold from the blue arrow, you are the lucky...
Gold below $1205 and DXY over 100.00 are the result manipulated by the market evil force.
Prove it: most of the miners (i.e IAG, ABX ) are holding up not going lower lows like gold.( see the red lines on chart for bottoms vertical yellow lines ) and because the dark force can not put them all at work.
gold $1160 sitting right on top of two trend lines,(mid...
USD and USD/EURO, both day and weekly chart suggest a strong up trend from now, but this does not support that gold will be over $1420, also not supporting ABX and KGC over 45% up spike ( before the big retreat..)
so the only explanation for this will be USD is repeating 2002 August pattern, which will be side way then down in next one or two weeks.
Hope I am...
this pull back has enough energy now ,will break the blue line of $1270 on the 4th try this time, and going for $1300.
my last idea for the price to pull back this red line comes true.happy hunting everyone.
gold has up too much in one wave, it is distance from bottom " t " to the yellow R line is too high to break it now. even if it break up because of the momentum, the spike will not be stable, it will retreat soon.