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Gold has recently pulled back up after its sudden fall to 1680 few weeks ago. Bonds yields looking strong to rise, Fed tapering getting closer in the pipeline, I expect gold will get hammered back down to 1700 at least. In a previous analysis you will see I noted gold expected down to around $1560.Gold is very volatile and risky to trade,...
Read MoreThe fed meeting shocked the markets and gold fell $50, then again another $45 the next day. I had a short at 1897, but I messed up with the fluctuations at the 1880-19005 zone. Nonetheless target of $1770 achieved
Read MoreGold has been hammered the last 2 days. falling almost $100 in 2 days only.one of the sharpest falls for Gold in a very long time.far oversold with the fed meeting yesterday, market seems to have over reacted.Price has stretched too far from its hourly EMA 200, price would usually pull back.Expect gold to move upw...
Read MoreGold hit a key resistance at 1900-1910. a reversal was imminent. The fall is not over yet. You can see a rising wedge , which will reverse downwards. Expect gold to reach close to 1850 before more direction. We should see 1865 within this week, this coincicdes with Bond yields which are likely to rise.Jun 9Comment: this is the...
Read MoreScary Observations!!Read the notes on the chart.The bullshit the banks feed us about Gold going to 2200-3000 is all a lie.History is repeating itself. Look at the pattern from the last recession/market collapse. SAME REVERSE WEDGE PATTERN but smaller (shorter term this time)They will eventually kill gold... down to aro...
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