it will be interesting to see gold drop from here into icl, if you see jan 2015 it's quite the same formation
popshvt
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i am thinking the top too
No_structure
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Epic rejection candle on monthly chart!
No_structure
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if there will be a short channel, it will look like this
No_structure
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You can't say that Viking! How can you be short on gold in 2018, if usd/jpy is supposed to trading lower? like you said weeks ago..
UnknownUnicorn540299
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@giuseppe.grande, Just the 1-1.5 month of 2018. I thought gold would first trade higher - into the FOMC then start its downturn. Turned out it moved sideways for ages then started to break down instead in line with herd mentality. Im not convinced of this upmove. It still uses more time to rise than to fall. Not much power in the updays. My cycle analysis has the convergence of cycles in the end jan/beg feb for xau.
No_structure
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@viking83, or probably this could be the first serious impulse that will drive gold above 1400 in august 2018.. time will tell. Thanks.
UnknownUnicorn540299
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@giuseppe.grande, Yes time will tell. Have a continued nice Christmas GG