I have not been feeling very well. But I felt obliged to answer so many inquiries, I had received via emails, about the potential support of Gold and GLD.
If you see today, price got support at the squaring angle. But I believe we have more down side. But let the chart speak to you. If I see the gap down, tomorrow at open, I would short again, and then further down target are shown below.Based upon squaring of time and price, I see these level to offer supports, look for indications with hourly charts. I shall explain some other times, how to use hourly chart to look for some signs of support.
For now, please note down, $108.87, $106.20-$106.60. Always give some leeways, as markets makers shall blow away some stops below or above these area and you may find a support some pennies above or below these numbers.
(Click on charts to enlarge)
(Click on charts to enlarge)
Gold Commodity Market Forecast Update
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
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