Implications and Outlook
1. Price action is continually confirming the value of the intermediate-term bearish sentiment of Key Support $1291 and Gold Dip to $1283.
2. The violation of the intermediate-term Gold Dip will undoubtedly bring serious of the bearish implications, having downside targets to next Gold Dip $1269, while Mean Resistance is just above of $1303
3. Current bearish/bullish bias is 60/40
4. For many of you who might be disappointed with the activity in the Gold market, keep in mind that bull markets are designed to get rid of weak players through this form of trading action. Continue to be strong and keep on amassing real Gold and Silver along with the high-quality companies which mine these precious metals.
1. Price action is continually confirming the value of the intermediate-term bearish sentiment of Key Support $1291 and Gold Dip to $1283.
2. The violation of the intermediate-term Gold Dip will undoubtedly bring serious of the bearish implications, having downside targets to next Gold Dip $1269, while Mean Resistance is just above of $1303
3. Current bearish/bullish bias is 60/40
4. For many of you who might be disappointed with the activity in the Gold market, keep in mind that bull markets are designed to get rid of weak players through this form of trading action. Continue to be strong and keep on amassing real Gold and Silver along with the high-quality companies which mine these precious metals.