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Gold - Trading Range
Spot Altın/ABD Doları
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Gold - Trading Range
peterchung16 tarafından
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27 May 2016
1
27 May 2016
The Sell off is simply Trading Range.
1. The Smart money is accumulating/cost averaging during the current fall.
2. The interest rate hike will only pressure the gold goes up.
3. 1206 -1216 is a good buy now.
4. The fundamental would not allow the break below 1206.
Watch the action of Gold now. Every sell off to 1206 region will bought up my smart Bulls.
27 May 2016
Yorum
It is most likely there is a strong rebound next week. The simply reason is that the Interest Rate hike is firmed on the table.
cnbc.com/2016/05/27/yellen-rate-hike-probably-appropriate-in-the-coming-months.html
According to COT report, the commercial decreases their short position into long. The reversal may rebound next week or the week after.
peterchung16
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Feragatname
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