Gold

AdeMcG,
From the thoughts of US rates going up, $ going stronger, I expect commodities to go lower.
From charts,if it doesnt clear 1085$ , its heading towards 1047$,or 1027$ then mayb to sub 1000$.

Charts attached.
Ta
G

AdeMcG,
Seems you disappeared after kicking things off? Lol
Ta
G

This is the only gold chart i can find for some odd reason. I can only go back as far as 2010.
based on this.
Support... 1051
Resistance..1091

There is a 123 low formation on this currently. So entry would be on a break out past 1091 with stops below 1070 if this activates.


dl.dropboxusercontent.com/u/4899609/gold9thdec2015.png

1400 target or so then new lows

Cup and Handle or Bull flag??
1095 looks to be the breakout point...

Regards,
Trendfriend

I've had this on my radar for a while but missed it doh !!!

I had the break down at 1088 are we both right or was I wrong lol (learning still)

Where would you enter ? I guess we will retest the breakout area