Gold

Just gone long on gold with a stop just below today's low.

Closed at 1246 earlier this afternoon. Was looking for 1249 but just missed out.

gold has broken out past strong resistance.


dl.dropboxusercontent.com/u/4899609/gold16thjune2016.png

if gold stays above this and in a few days time comes back and test the level then ill go long at the new support.

Looking at Gold here.
I think this may have now made at a short to mid term top imvho.
Looks like a trendline break, and i think that's a h&s top.
With the rsi also breaking support, this could well move down towards the 200 day ema, off course lots of supports between those levels.

As long as this opens below 1345 tonight/tomorrow, i'm looking to short Gold, and quite possibly some Gold stocks as well, so lets see.

imvho, dyor, wdik
Trendfriend.

Trendfriend,

Did you short gold and RRS? It would have been a beauty,

Looks like gold is breaking down further, broken through 1200, weekly close below, and it opens up 1150,1100,1050 and ultimately 1000.

RRS is clinging onto a support line, as it gold.

.

Gold chart won't attach correct.

Its right in the preview, but not when it goes online.