some thoughts on GOLD

Gold is in the middle of TR, it has appeared entering accumulation phase.

1397 area is ceiling created by large players in order to eat all floating supply at low cost. after accumulation, they will remove it.

the first dip to 1180 with no supply , tells us 1180 is safe for the moment, demand still in control

weekly close is at normal reaction area with mid range close, which is good for bulls,

if 1296 holds, next creek is 1397, price need to overcome it with neociation method, not sudden rise, which will lead to terminal shakeout or more liquidation ( will be very deep and kill a lot early bulls)

key support is 1258 area and 1180 area (selling climax low, the demand area).

if weekly chart continues forming lower high and price continue hugging low end of  area of TR, Terminal shakeout is imminent.



 

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• 谢谢，实际上金矿走的比金子好 -aimei080808- ♀ (0 bytes) () 07/25/2014 postreply 17:52:41