Gold is getting close …to a BUY

I really DO NOT KNOW or have a BIG OPINION on the top at 1920 on spot Gold.  Well, it was either a BIG 3 or BIG 5 but I just don’t know … doesn’t change the fact that a long on Gold could be coming in soon.  It’s just how high it will go … if the top was 3 then we’ll see new all time highs.  If the top was a 5 then this current bounce shouldn’t see higher than 1525.  Then into new lows but a BUY is approaching …

We do know that the correction that started in the 1980’s from 850 to 250 was roughly 600 bucks and we went 160 points lower than that so this current move lower is the largest corrective move in the history of gold prices.  so we got that going for us, which is nice….

right now, the spot gold complex reads: WAIT but we do have a strategy to watch and monitor over the coming months ….

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Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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