not only the big picture about XAUUSD is ugly - the short term picture inclusive :)
- 1188.10 intraday high while last FED press conference
- 1157.30 intraday low while last FED press conference
- 1165.36 intraday high while last ECB press conference
- 1138.68 intraday low while last ECB press conference
Take care about the death cross ahead,
this could initial technical price out of the yearly lows of 2013 (white line by 1180.20) & 2014 (white line by 1132.08). Superordimnate price targets are form this point of view 1073.53 (yearly 2015 low) & 1061.20 (1st price of 2016) & even also around 1046 (temporarly lowest price while dec`15 since all-time high in sep`11).
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
He is verry long term, short term he never gets it right. Go back the past 5 years of bear market, every year he said gold will go up this is just a pause bla bla,
the price dumped every year. Now if he says it will go down, then mybe he it will go up?? lool