Let me know if you have any suggestions or requests?
I expect gold to bottom long-term at 1040
Gold needs to get moving if it wants to present a bullish case.
We can look for a bullish swing setup in daily timeframe
All eyes will be on the FOMC meeting on Dec. 17-18. Gold is showing an interesting pattern. Buying interest could increase at this level and move the price towards 1290-1300.
Original idea Published back in August. Target 1 was swiftly hit and taken out now we are going for target 2 We are +200 per contract right now original chart
Big time reversal pattern that got confirmation today. Look for further strength
$GC_F $GLD $GDX $STUDY
I see two things: 1) Gold and Bitcoin have been negatively correlated lately. Could a bounce on support in gold (@1200+/-) be signalling a pullback in Bitcoin? 2) When gold took out major support, both gold and Bitcoin sold off (even though the last one wasn't much on bitcon) If gold breaks support at 1200 (with follow through), will bitcoin fall with it?...
Gold is expected to drop to US$900-1040. Then the final leg of the bull market is expected to peak around US$5000 in 2017.
$GC_F $GLD Bouncing nicely off the bottom end of its recent range....