Sunday, 18 November 2012

Gold updates 181112

Gold 181112



As mentioned in my last post, i was mentioning to go short on gold on two occasion, 1735 and 1750. I went on saying that if at this point gold turns, it will be the beginning of wave C down which if you are a EW person you will know that it is the most drastic wave to be prepared for. Right now price is about 1714. More downside is to come and I am targeting this wave to hit a low of 1631 where if you have a chart,pull to the left and, you should see that it is a good resistance turned support area. Cheers to those who shorted (*including myself*)  =)

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