GOLD 0.51% $1,391.7 gold futures

Not sure I would be celebrating just yet, technically to me this...

  1. 1,105 Posts.
    Not sure I would be celebrating just yet, technically to me this all still appears rough. It looks to me as if there's a head and shoulders reversal which would be confirmed if the break down goes through in the near term. There is a triple bottom too I certainly won't deny that but if it's given a fundamental reason it could still very easily break lower. I'd personally be waiting for a stronger confirmation either way before going all in on a bet. A lot of markets have broken key supports and gone into technical bear markets though the DOW could potentially drag them out if it does indeed fully rally. It's a wait and see for me still as one good bounce could be killed just as fast as it starts.
    Last edited by kroehny17: 13/02/16
 
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