Gold upside is capped

20 mag 2017

Risks of war dissipating (it was overblown in the first place) and Trump impeachment unlikely. Technical wise, gold price will be capped as seen with the sharp turn around 1265. Watch for PA, and short from 1257 for a target of 1224 and beyond.

23 mag 2017

Nota

Gold traversed along the trend line and broke the upper line for a couple of hours; making a flag before falling back. It hasn't made a new higher and could not break the 1264-1265 resistance still. Still waiting.

24 mag 2017

Nota

Congratulations to those who shorted when gold broke trend line. Let's watch what it does as it retest that trend line.

24 mag 2017

Nota

Zooming out. If gold ever gets to 1100, please buy a lot of it. The RR would be irresistible.