GOLD 0.51% $1,391.7 gold futures

is the selling momentum running out of puff, page-12

  1. 11,522 Posts.

    USD finished its first parabolic move a few weeks ago taking Gold down to 800. Its now just half way through its second similarly sized para, and should take Gold to mid/high 600s. Expecting a third move before Christmas.

    The AUD equivalents are guesstimates based on USD/AUD moves from first para, and rounded to the closest support line.

    Next 2yrs, guestimating sideways consolidation for 12months with a chance of 24. Can't see it reaching 1000 during that time. Lows might be met again August next year, chance even lower than this years.

    Would think another good Bull market afterwards depending on new information as time approaches.

 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.