Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold: Brief pause, or final bottom?

Posted on 29 November 2013

Something may have changed Monday in the gold market. For one I think gold probably formed a minor daily cycle bottom. But what I’m really talking about is the complete recovery from another middle of the night attack. For most of the last year these late night attacks have worked wonders for sending gold crashing through technical levels and triggering stops. Yesterday however it simply didn’t work for the first time.
It’s been my opinion for months now that the forces behind these take downs were trying to push gold back down to the 2008 C-wave top at $1030. At which point I expected they would flip sides and go long for the bubble phase of the bull market. After watching gold fight off the manipulation yesterday I’m starting to wonder if gold has been pushed as far as it’s going to go………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031