MiggyR

MiggyR

Time for sells? Gold rallied pretty good on Monday but never touched the 1487 resistance... is it out of gas? or are we seeing the mighty 1500s before the year ends!?

MiggyR Updated 

As you guys can see in my chart we are currently seeing an ABC pattern on the daily time frame. Okay, I do know and fully understand gold is pushing up currently and that is why 86-88 are key levels to break in order to turn this into Bullish and ride all the way back to the 1500s. Long term I'm thinking Bullish and Short term I see Bearish going back to the low 1470s.

MiggyR Updated 

*Short term view towards Gold is Bearish * 1473 Pull back would be ideal for TPs * Long term looking for buys in Gold * Next week or so before year ends is going to be crucial for gold.