Gold - The lows are in
Gold is very oversold. Pessimism was very high!
CoT now looking very good. Seasonality as well.
Stochastic with divergences & new buy signal.
A bounce towards 1,240 USD is possible at least.
But I think we´ve seen the lows and gold will break through the 6-year downtrend line soon.
https://s23.postimg.org/cbajzleej/The_Midas_Touch_Gold_Model_07_16_2017.jpg
CoT now looking very good. Seasonality as well.
Stochastic with divergences & new buy signal.
A bounce towards 1,240 USD is possible at least.
But I think we´ve seen the lows and gold will break through the 6-year downtrend line soon.
https://s23.postimg.org/cbajzleej/The_Midas_Touch_Gold_Model_07_16_2017.jpg
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