Chart is in GOLD FUTURES price. So for cash gold, just consider AS NOW, about 15$ less.
Three possible scenarios:
1) This leg ends final August, corrects and continues higher until beginning Octuber. Then falls.
2) This leg ends final August and falls.
3) The third (not drawn) is that it continues from now till end of September- beginning October and falls (this one I don´t give too much chances, but it could happen)
The key is what gold does at the end of this months. We´ll have some more clues then.
The gap in futures charts MUST be closed. It will take time, but i it has. Until proven the opposite in the monthly, trend is bearish.
And now some music.
Bulls & Bears. Nice Animals when you go by their side.
www.youtube.com/watch?v=niKT-kJf...
Miike Snow
Three possible scenarios:
1) This leg ends final August, corrects and continues higher until beginning Octuber. Then falls.
2) This leg ends final August and falls.
3) The third (not drawn) is that it continues from now till end of September- beginning October and falls (this one I don´t give too much chances, but it could happen)
The key is what gold does at the end of this months. We´ll have some more clues then.
The gap in futures charts MUST be closed. It will take time, but i it has. Until proven the opposite in the monthly, trend is bearish.
And now some music.
Bulls & Bears. Nice Animals when you go by their side.
www.youtube.com/watch?v=niKT-kJf...
Miike Snow
Comentário:
Gold is not following the path of the idea, but I still condired the MOVE UP from the point we are at the moment. And a top could be again seen second half of september, with target 1880-1900 possible (futures, not cash)
Comentário:
Trade ativo:
Correcion aready happen from alower high.
Gap has acted as a support and has not been filled.
THe idea 1 is what i am following with a top in that dates.
Then I believe gold will fall again and could probably break 1.680 to go lower
Gap has acted as a support and has not been filled.
THe idea 1 is what i am following with a top in that dates.
Then I believe gold will fall again and could probably break 1.680 to go lower
Trade ativo:
Comentário:
Filled.
