Here's where I think GOLD is going THIS week!

in money •  last year  (edited)

Folks,

I'm expecting GOLD to go down this week. The dollar got absolutely crushed in the last few weeks, and is due for a bounce (got close to a pivot). The gold charts are in the timing band to find a DCL (daily cycle low). Gold has pierced the daily trend line to signal, and with a potential close below the 10 MA tomorrow, that will also confirm.

What am I doing? I sold 50% of my non-leveraged GOLD positions. I will be patiently waiting for the DCL to arrive, and will be buying back. I'll update when that time comes.

Good investing.

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