The price of gold continues down the rising dollar and positive economic data in the united states, it appears that investors are expecting the gold down to $ 1,200 an ounce for going out. >>> www.preciodelorohoy.org
GDX could be at the bottom. The completion of the AB=CD pattern is in. We also are at the trend line. XAU is bouncing. Its getting very close. Getting ready to go long, but not ready to catch the knife. Need to see some conviction with XAU. Check my chart from a week ago when I went short with DUST
XAUUSD (GOLD) looks to be headed lower. I see nothing to change my opinion to $1200 gold. I agree there is a possible support point at $1240. We are very close now and gold could bounce. We are still in a downtrend lower highs and lows. You can see the AB=CD pattern (red) from March. Confimring a triple bottom to come at $1200. The $1200 target will also be the...
XAUUSD (Gold) may be setting into a 3 drive pattern. Also a triple bottom. All at the 61.8% retracement from the runup from 2008 to the high. Buy in at $1200, set your stop below 1163. If it goes below 1163 get out. Fingers crossed for GOLD here.
Expecting GDX to move down to the lower trend line and bottom line of the forming penant. I will look to go long at $23.50 area. Certainly in a downtrend currently.
The title by itself is indicative of any possible trade, but it's more of an opinion than a trade opportunity, as probabilities here on an R/R basis, are not the best, which should be our only criteria.
As you can see in the attachments I was very positive and enter full long precious metal (jacked?) positions, on spot, futures,stocks and bullion more than two...
