20,40 dma crosses and the 6 month and 2 year cycle cluster around the winter solstice
note 1200 is a very important area.It is 2/3 of 1800 top area,360 from 1560 the approx level of Dec 2011 low and 720 from 1920 area where gold topped.My thinking is we test 1200 ,maybe even break it and suck in some sellers and then rally sharply.Indications are that the paper gold market is a completely false ,manipulated market.I see gold exploding higher when this becomes obvious to more people.Nevertheless this chart shows how bulls only need to wait for a 20,40 cross rather than guessing ....:-)
note 1200 is a very important area.It is 2/3 of 1800 top area,360 from 1560 the approx level of Dec 2011 low and 720 from 1920 area where gold topped.My thinking is we test 1200 ,maybe even break it and suck in some sellers and then rally sharply.Indications are that the paper gold market is a completely false ,manipulated market.I see gold exploding higher when this becomes obvious to more people.Nevertheless this chart shows how bulls only need to wait for a 20,40 cross rather than guessing ....:-)