As per my previous analysis, Gold declined as predicted, and it hit the target price zone i marked.
so where to from here? gold bounced up from 1677.9 to 1715 as time of writing.
Will Gold rally up from here?
UNLIKELY !!! Gold will be trading sideways and i expect between the range 1665 and 1834.
If it breaks 1665 then gold could go much lower. The probability of it goes lower than 1665 is very likely. Why I say this, you can take a look at the asx gold miners like Gold Road, EVN, NST they all gapped down below a critical resistance line. I might take a short position in one of them
Lets' wait and see.
so where to from here? gold bounced up from 1677.9 to 1715 as time of writing.
Will Gold rally up from here?
UNLIKELY !!! Gold will be trading sideways and i expect between the range 1665 and 1834.
If it breaks 1665 then gold could go much lower. The probability of it goes lower than 1665 is very likely. Why I say this, you can take a look at the asx gold miners like Gold Road, EVN, NST they all gapped down below a critical resistance line. I might take a short position in one of them
Lets' wait and see.
