Another crazy situation.

Spinning top shows major confusion at the resistance as gold went up initial on bad import/export data.

And then dropped on good trade balance data

GOLD has a slightly delayed reaction to TRY movement. As shown in the blue highlights. Now we have TRY shooting up to previous high. Meaning USD likely to get stronger. We should see Gold PEAK around $1800 - $1818

Gold has had its breakout above 1700, and should continue to rise. Which does seem to contradict a rising market – since gold is generally supposed to have a negative correlation with the markets. However we can see gold seems to be moving in sync with the broader market. I imagine we will see moving shifting from equities into gold and...

The time has come to go LONG on Gold. It’s been moving sideways similar to oil for some time now, forming a penant chart pattern – ready to break upwards now. Expect gold to rally to around $1850 initially. This should coincide with market turmoil as investors shift out of other assets and move into gold AGAIN.

Gold is about to head into new territory, and most likely exceed the highs of 2011. Given the market has more to fall yet as the ripple effects are realised, gold should easily reach levels around $2000 if not more. In 2008-2011 we saw gold double.  That would be the equivalent of seeing gold go from around $1400 to $2800!

After many years GOLD has become a good buy when it broker above 1350. with collapsing markets we should see gold hit new record highs over the coming year. Post 2008 gold kept rising as the marketings found ground. Expect similar again. Around $1550 might be a good entry point