If I were "them" I would not fight this trend reversal pattern in this crummy world environment. BUT as gold is a political metal, huge forces might be at play Monday. Volatility could be huge in gold, now.
Gaston
I'm with you, Gaston.
I had my IRAs in Fidelity Select American Gold on Friday and
made 6% on my money....in one day !!!
I do not think this gold rally is over...not by a long shot.
But, short-term, I'm seeing a reverse head and shoulders bottom
forming in the XAU. I really thought we'd stall at the 74 mark
yesterday, that being the right shoulder. But, we busted through
that, rather convincingly.
It wouldn't surprise me to see a move back to 74 next week,
followed by boring range-trading for a few days, and then
another big move to the up-side. This time, it will be a BIG
up-move.
Anyone else agree with this TA ?? |
