Everybody is waiting for gold to go 1310.
Especially bulls who bought gold above 1200 in the breakout or at 1190 at the backtest.
The bear is over? Yes.
In the long term am I waiting for gold to go higher? Yes.
But I don't think gold is a long in the following 2-3 weeks.
Time for the correction:
MACD crossing over
TSI crossiing over.
RSI looks ther same as last year october
It would be to easy to go higher after testing back the last IC top at 1190...
I think banks just needed a few more longs before they turn down gold to 1150....
Especially bulls who bought gold above 1200 in the breakout or at 1190 at the backtest.
The bear is over? Yes.
In the long term am I waiting for gold to go higher? Yes.
But I don't think gold is a long in the following 2-3 weeks.
Time for the correction:
MACD crossing over
TSI crossiing over.
RSI looks ther same as last year october
It would be to easy to go higher after testing back the last IC top at 1190...
I think banks just needed a few more longs before they turn down gold to 1150....