Gold Pensamientos
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Several things to consider.
- Expect a bottom beginnig July around 1680-1700, than would take GDXJ to 31$
- That means shorting now is alow risk (always some) because we should see new lows. Less than 1.785$ soon.
- After that bottom the market has a high probabibilty to move up for a few months. 1680 $ is a very important leve of support and should take some time to pass.
- The next top could around mid september. Sometiing to monitor. I don´t think it will go higher that 1.850 $ (current level)...but too early to know.
- Finally another drop that could pass down 1.680 $ to lower levels beginning this fall.
Jerome is the man this week.
youtube.com/watch?v=Wae6wDOz5Bs
"Coconut Records"
- Expect a bottom beginnig July around 1680-1700, than would take GDXJ to 31$
- That means shorting now is alow risk (always some) because we should see new lows. Less than 1.785$ soon.
- After that bottom the market has a high probabibilty to move up for a few months. 1680 $ is a very important leve of support and should take some time to pass.
- The next top could around mid september. Sometiing to monitor. I don´t think it will go higher that 1.850 $ (current level)...but too early to know.
- Finally another drop that could pass down 1.680 $ to lower levels beginning this fall.
Jerome is the man this week.
youtube.com/watch?v=Wae6wDOz5Bs
"Coconut Records"
Trade attivo
Relax dirty bears...drop will come...I am fully short.Trade attivo
Lets see what brings the the new week from monday till wedneday.I expect a fall that would take gold to somewhere between 1740-1760 by then.
Trade attivo
If that is the case: two options could happen:- gold continues gping down t0 1680 begining the following week (5th July)
- gold stops and rest, moves up to the 1810 again before falling again to 1680 (around 15 July).
That are my two paths t get there :1680
Trade attivo
Range is being vey long, but the goal has not changed for me.So now, for the comming week, I expect gold to fall to 1740 or 1720. And again, it could be another intermediate low, rising again for some days before going down. to the final target.
But in the other hand, the longer the range (and this one is very long) the larger the move..so...lets see how gold surprise us.
Trade attivo
things begin to move...bienNow my targets are these references:
- 1715-1720 in dates 8 to 13 July. Then it could reverse or not.
If not:
- 1.670 - 1.680 in dates 13 to 20 July..
Don't think it will go lower by now.
Ordine annullato
New idea. !780 is strong support for gold. More range before any drop.
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