Wednesday 18 March 2015

GOLD, Major Low and Reverse

Hi Traders, 

 GOLD (now at 1146) is almost ready to bottom down and reverse, probably around 1089 or the area 1043-1.032.

Once this occurs, a Major Turning Point and a subsequent rally should follow soon. Not to be missed.  Have a look at the blue lines in the monthly chart for the targets

first down to 

likely: 1089
possibly: 1043 - 1032

Then up:

likely: 1307-1320
possibly: 1380-1386


The monthly and weekly charts display that we are reaching the bottom of a major wave.  The 4-hour and 1-hour charts show that this could happens within a week.

weekly chart - click to enlarge


daily chart - click to enlarge

4-hour chart - click to enlarge

1-hour chart - click to enlarge


No comments:

Post a Comment

Hi Traders. Tell me if you agree or (politely) disagree.

Note: only a member of this blog may post a comment.