Considering how bad and scary look is the fact that its 150 DMA still remains below 200 DMA, the "dead cat bound" might count as the beginning of extreme bear warning likely continuation of the downtrend. The traditional safe haven status of Gold are likely to be shunned by investors then shifted to US dollar as occurred in 2008, it is a good reason now to run away from the burning Gold.
but seen gold have at strong support 1530 ..each time will bound up fast...u opinion gold will drop more than 1530? below 1500?
ReplyDeleteyes,strong support at $1525, but will drop to around $1360~1370 soon.
ReplyDelete"dead cat bound" now gold up to 1578.... how much will it bound before it drop ? i feel will break 1620 soon before it drop...how u opinion..thx
ReplyDeletegold close above 1570 ,i think gold hard drop soon..maybe will try hit 1600-1620 again...
ReplyDelete我覺得長期黃金還是向上的,很多分析都是說今年黃金還會漲的,很難會破1500以下,黃金跌就是機會買進不是賣出,買黃金是安全的.
ReplyDeletei think now gold bound up just like author said,is the beginning of extreme bear, when us dollar more strong, the gold will drop...seen now the us dollar have bull run..so gold possible down...maybe like author say soon....
ReplyDeleteanyway..just wait author give he opnion...but i see china gold forum ..and many of them said gold already reach it bottom..and now start gold bull run again..
ReplyDeletelook like 1530 difficult to break...crude already break 90 go to 87 but gold still very strong..hard to drop below 1500 soon...
ReplyDeletegold shoot up above 1600...it mean gold bull come ? gold may not drop to 1360 ?? or just bound up? scary see the gold from 1550 to 1600....
ReplyDeletefrom technical view, it still in downtrend.
ReplyDelete