GOLD 0.51% $1,391.7 gold futures

short term top in gold???

  1. 1,920 Posts.
    Short term top in gold?

    I think it's certainly a possibility.

    Before I get the gold bugs jumping down my throat, I do hold some physical silver, lol.

    Just a few figures below which could indicate we may be at or nearing a short term top. I'm sure others will be using different numbers, but for this exercise I've used $975 as the breakout point, and $720 as the base (debatable).


    975 - 720 = 255

    975 + 255 = $1230 target!


    Gold just hit US$1225.
    Indicators suggesting very overbought here.
    Possibly could see a sharp sell-off shortly.



 
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