patelbg2001

The Golden Express... Buckle Up and Enjoy the Ride

TVC:GOLD   GOLD (US$/OZ)
109 2 2
Gold             has a lagging relationship with the US Base Rate, normally the fun doesn't kick until a week after... but hey who's complaining. Gold             is linked with inflation , hence when inflation upside, the value of metals also rises (especially gold             & sliver)... I'm using a 15-min interval for this chart, as a longer trend pattern has yet to be established.......
Nice like your work but i do think you will see a down trend next week a capped in low 1180 area max upside 1246 -1235 before a correction back in to the last leg of its down trend since 2013
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Gold is hanging around $1230, consolidating its recent rally up from $1200 and Thursday’s breakout over $1218 and its 50-day avg. RSI back above 50 confirms momentum turning upward. Next hip hop near $1242…..
up, up & away :o)
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