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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (20098)	10/6/2017 1:06:37 AM
From: The Ox	2 Recommendations Recommended By 3bar John Pitera Respond to of 33421

Gold had held support the past couple of days but appears to have failed today. I would guess that much of this is due to the rebound in the $DXY. Today's drop in gold continued the trend within down slope off the recent reversal from the 9/8 top. In the very short term timeframe (4 week view) the downtrend has not slowed significantly. This recent failure to climb above $1380 look very negative within the intermediate time frame. Solid support should be expected between $1200 and $1215, should this current downtrend continue within it's latest path. jmo...as I see it...etc.... All the usual disclaimers apply <g>....