Two possibilities.
next week down almost for sure. And the 3th of November, again Fed meeting, with noise in the market.
How the fall comes, could show the mid term future in gold and gdxj.
Something between 40$-42$ I expect as almost sure.
And what cames afterwards is to be seen.
Could see another leg up, surprising everybody as November is always a week month for gold and the main trend has been bearish since June
or not...
And the bearish trend in gold remains powerfull and miners go down and down, what i was expecting to happen, but didn´t
Short term: bearish (next week)
Long term: Bearish (Months to come)
but caution for another leg up continuation in November as possible.
next week down almost for sure. And the 3th of November, again Fed meeting, with noise in the market.
How the fall comes, could show the mid term future in gold and gdxj.
Something between 40$-42$ I expect as almost sure.
And what cames afterwards is to be seen.
Could see another leg up, surprising everybody as November is always a week month for gold and the main trend has been bearish since June
or not...
And the bearish trend in gold remains powerfull and miners go down and down, what i was expecting to happen, but didn´t
Short term: bearish (next week)
Long term: Bearish (Months to come)
but caution for another leg up continuation in November as possible.
Order cancelled:
Closed any short position. I think it will go up until 48$- 49$ at the end of the month.
with gold about 1880$.
with gold about 1880$.
Trade active:
Could reach 51$ or so and fill the gap from June, with gold risen to 191x level from now till end of month. Then i think it with fall. Going long
