As mentioned before and can be seen here, in looking at the daily chart above should Gold on track to its extreme target of $1360~$1370 very soon because it already break below its both parabolic support level and 2008 support trendline.
When crude started to weaken in early of May, it serve as a precursor for weakness to come in Gold, the timing of that call made note such a possibility to take Gold down to at least 150 DMA of weekly chart, perhaps the potential answer to this question brings us back to 2008 soon after.
if FED come out the QE3 ,will it change the gold bear to gold bull?
ReplyDeleteyes, but no body know for sure when it will come..
ReplyDeletenow gold rebound from 1527 to 1574...is this rebound or gold bull start..because the gold dint drop below 1522
ReplyDeletegold bull not come yet.
ReplyDelete