My View Of Where We’re At With Gold
Smaller wedge broken ? Maybe not. Perhaps we’re just building it out still – old zone of support/resistance coming up. Two quiet trading days, so who knows, maybe we slice through that. The much larger wedge would then come into play. I’ve put my thoughts on the following 3 charts. Hope you find them useful.
Nice to see you remain bullish, but I am afraid support on gold is broken and we will see at least $1220
Stinky fish pattern is broken (diamond). If we see a close of $1243, i remain a bull. Can have a severe spike down intra month so long as we close ok.
Maybe a Fish Hook Recovery…
Seriously.
My money is on 1180 to get everyone on the other side before the boat sails away on high winds
I guess Gary savage was right with his bearish call on gold the last months and not the cycle analysts telling us a bottom was near every week!
$1175-$1180 in the next 24 hours ? Miners are showing surprising strength actually.