needs to hold above the bearish 1x1 .Heading into a 6 month cycle from Sep high so bulls be on guard.I am not chasing gold here but shorting looks dangerous above the 1x1.
Second chart is a highly speculative pitchfork.The dollar is key for where gold goes next week I believe.
Gann numerologists - note it would not be a surprise to see gold fail at 1800 and silver at 36 !!
Looking at this weekly chart definitely pushes me toward the bearish camp.With a low around 920 the June contract should have difficulty pushing above 1840.I suspect 1800 may hold.
No comments:
Post a Comment