Gold has continued lower this morning with barely a bounce - we see 1382 as a potential support level, though it really could go to anywhere.
What is clear is that this is a major liquidation event and the price will bounce back very strongly once it makes a bottom. We do not expect this selling to continue for more than a day or two before we get a bounce, we are so far oversold that a bounce of some magnitude is inevitable.
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
