New trend down
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Again dawn for weeks or a even a few months (April could be the limit) before another assault to 20XX$ this year.
No new lows. I dont think it will go under 17XX. But trending down maybe ranging down.
This week tops...first part of the week.
No new lows. I dont think it will go under 17XX. But trending down maybe ranging down.
This week tops...first part of the week.
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This move is extreme. Tracking moves since 2011, only 3% gained more lasting more time. Means going long here has only 3% on your side to win (daily and weekly)...but the problem woth extreme moves is that they could extend. Same happens with bottoms (like the previous one).
So, it still could move up on Tuesday.... some dollars up..But high chances that all this excess will dissapear in less than a week, like it did before. Profit money is in the downside. No doubt.
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Short.Lets see how the bear moves
If gold visit the level 1780 in February (mid Febrary of before) then , there is a hight chance that the fall could be geater, ever to 1680 level at the end of March or begining April.
After this correction I expect bull to resume up and eventually see new ATH.
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In any case, 1780 I see it as unavoidable. It could be the mid of the correction (second scenario) or the end of the correction (first scenario)Trade ist aktiv
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If dólar rises to these levels, gold could fall down back to 1680-1700 by April this year.Anmerkung
That would fit with the second scenario which is again extreme. And also will fit with the fall in miners during this time, back to "close" to previous lows...but NEVER EVER new lows.Trade ist aktiv
No changes at all. Extremmme mive up as the previous fall was also extreme in terms of Intense.Means at any moment correction to the down side will begin. At any moment means that, maybe when nobody expects it happen.
So correction could also be extreme again, as this in the nature of the markets movements at the moment..
Down and 1780 is unavoidable as I see it
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1800 soon
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Gold could push up for some weeks before falling to 1700 - 1680 in April or May this year.Trade ist aktiv
For me is out of any doubt it will fall. The question is will it happen before the Fed meetinh 22th this month? I exit my longs and prefer to attack price from the above (short). Weekly is still very bearish (doesn´t loook like,:-))Let`s play the game next week. Could range (rising) till Fed Meeting (still two weeks far away) That could also be too late to wait for a drop. In fact it is, but did happen before.
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That is one possibility. (Late fall)The other is falling from net week high.
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I will update the idea tomorrow with a new one, because a bullish case is in the cards also, that could take gold to new all time hights.
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