Gold is running out of Steam... The Winter is coming
Diupdate
Gold and Silver tend to follow seasonal patterns. If you have been in this market long you know this is a painful time of year for stackers and longs. Although I am a long term bull, a healthy pull back to 1260-1250 is eminent. We might climb to 1300... but we will come down. Down below if 1250 does not hold gold will fall straight through to 1235-1205. It is important to bear in mind that gold and silver are heavily shorted. There is a lot of downward pressure on precious metals. The charts can be deceiving but the trend is your friend
Catatan
It seems that the powers that be are having trouble keeping gold down. Trumps tax plan and its debt implications is seen as a positive for gold. Political tension across the globe from North Korea to Saudi Arabia are a factor. The demand for physical gold and silver from jewelers and the general retail sector is incredibly strong. A close above 1300 would be interesting to so the leastCatatan
say*Trade aktif
HIt 1235 on the button. We had a nice bounce but its time for seconds. I am looking at 1220, 1200, and 1170Trading ditutup: stop tercapai
whorrry sheeeet Gold on fire
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