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0.51% $1,391.7 gold futures

moment of truth

  1. martis
    13,576 Posts.
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    27/04/14
    15:43
    Post #: 13289263
    A few issues on the technicals in regards to gold..Below depicted are a few charts that show more weakness ahead imo ..
    The moment of truth has arrived for gold...IF 1200 is breached then gold will plummet imho... IF gold breaks above 1400 the technicals will improve significantly..BUT the odds are against gold...One can clearly see... that what might be forming is a measured move and currently gold is having a breather before the next leg downwards.

    To conclude and imo one would need to keep a close eye on 1200 if a breach does arise.
    Value at posting: $0.00
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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