Bullish.
The beginning of a long (months ahead) bull phase to new all time hights.
Still early to know, but that is what I give more probabilities.
That means no more 162x or lower. That means important bottom in place.
No room for more down side. Also gold has corrected againts dollar, properly.
For the coming weeks (november) two scenarios and both bullish.
How gold will visit 1900 again?
Will it go straight ahead and get there begining November?
will it get there at the end of November?
That is my only doubt. Because it will get there.
Now I give more chances to a small rest (10 days) once gold rise till 181X -179X area, before a continuation later.
Bruce Springsteen. Lift me up!
www.youtube.com/watch?v=9yDxEatV...
The beginning of a long (months ahead) bull phase to new all time hights.
Still early to know, but that is what I give more probabilities.
That means no more 162x or lower. That means important bottom in place.
No room for more down side. Also gold has corrected againts dollar, properly.
For the coming weeks (november) two scenarios and both bullish.
How gold will visit 1900 again?
Will it go straight ahead and get there begining November?
will it get there at the end of November?
That is my only doubt. Because it will get there.
Now I give more chances to a small rest (10 days) once gold rise till 181X -179X area, before a continuation later.
Bruce Springsteen. Lift me up!
www.youtube.com/watch?v=9yDxEatV...
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The idea did not go as expected, with the fall of gold this week. I do still believe a bottom in place that woud no be broken. And at the end of this coming week gold would begin to rise again to 1730 where there is resistance than could hold the price until late 2 November with the Fed meeting comunication.
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Things go on, so far, to meet the target of the idea. I expect an intermediate top this comming week, most proabably on Tuesday, with CASH gold somewhere between 1820-1840
Then back to 1850- 1770 for another leg up till 1910-1930 in December.
Then back to 1850- 1770 for another leg up till 1910-1930 in December.
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I expect gold could TOP THIS week. Once gold reaches 1880$ it would be a good exit point and PLAN to enter shorts. I think it will fall back again to 1.740 (futures) and cash to 1.730$ vey fast (8 days or so) from the top.
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Have to wait for NEXT WEEK (fed meeting event) Futures prices (not cash) above 1870$ i think is a good exit point, and begin to think about shorting
Days 1 & 2 of November Fed meetiing
www.federalreserve.g...cy/fomccalendars.htm
Means Previos week gold could top...and consolidate until the meeting ends late on Wednesday. I expect price of gold to fall with the meeting...correction before going up again.