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Saeglopur
2018년 6월 8일 오후 8시 6분

Gold on the verge, geopolitics in favor 

GOLD (US$/OZ)TVC

설명

Current uptrend with higher lows but stable resistance might be a strong buildup before expected bigger brakeout.

Geopolitical situation in the world with messy and fresh issues are in favor of higher gold prices. It will probably very rapid, 1370-1380 resistance test but I'm thinking about more rapid way just through it and then way to all time highs are opened but might take rest of the year.

Strong geopolitical news is necessary. Although it won't be anything positive for overall market.

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Spokoze
Thank you!
Saeglopur
@Spokoze, What's your thoughts? :) More sideways action or are we going to finally brake out of this formation (if correctly identified)?
Spokoze
@Saeglopur, Looking for big moves up, maybe one as quick as this week, but more likely after the 4th of July. Watching Italian banks.....as crazy as that may sound. $1380 breaks and we're straight to $1450, then $1525, then 1680.....remember there were huge straight down moves in 2013 that will provide no resistance moves up these days...
Saeglopur
@Spokoze, My exact thoughts! So we are on the same boat, I also think that if we will brake out of current situation there can be a massive rally towards all time heights because as you said: there are no big resistance points.
Andiswa2
Do you think it will go up now from 1279 ?
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