XAUUSD - GOLD - WEEKLY - Trend is UP - Upside Targets Plotted
Look at my previous "TIME AT MODE" charts on Gold and watch this market develop and see that it is set up to rally to the upper 1200's level near 1300.
The downtrend has done a lot of damage to psychology and yet the Central Bank printing presses continue to pump out paper promises. The price of gold has plunged as a percentage of paper promises or total credit.
The next event is to have gold spend an entire week above the "mode" or frequent price of this current uptrend, then it could accelerate quickly and launch to sharply higher levels.
Tim Jan 9, 2015 12:18AM EST
The downtrend has done a lot of damage to psychology and yet the Central Bank printing presses continue to pump out paper promises. The price of gold has plunged as a percentage of paper promises or total credit.
The next event is to have gold spend an entire week above the "mode" or frequent price of this current uptrend, then it could accelerate quickly and launch to sharply higher levels.
Tim Jan 9, 2015 12:18AM EST
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