Dangerzone ahead: Short Gold

11 Mar 2016Sorry to disturb the bulish feeling, but it is alwasy reasonable to check Gold against a currency basket and not just US$. We are now in timerange and pricerange as I suggested last autumn. We had a high volume surge we haven't seen since 2011 and the bullish feeling people have is certainly justified! BUT as a perma Gold bull I also learned to be realistic. We are currently at the upper Resistance of our tradigrange and RSI, Stochastics and Choppiness look terrifying! Each time we had similar data, we had a correction! So expect another one these days!