Gold

Keep an eye on 1267 as that's the 123 low breakout point after bullish divergence on indicators

Low of 1180 was 1, 1267 2 & 1208 3

Some interesting charts and with the continued fall and comments from the BBC news article 28 June 2013 Last updated at 02:40 GMT <<Gold price falls below $1,200 an ounce>>

"You don't want to catch a falling knife, so people who might be buyers are stepping aside and don't want to show gold at their quarter-end statement," said Axel Merk, chief investment officer at Merk Funds."

Maybe Remo's 1160 bounce will occur first, only another -3.5% odd down today and Monday? and then the mid November CQG EW forecast 1096 to 1093 -8.8% to -9%.

Some charts (oil/US$/Gold):-

www.macrotrends.net/1311/asset-price-bubbles-since-1976
www.macrotrends.net/1335/dollar-gold-and...chart-last-ten-years
www.macrotrends.net/1334/dollar-gold-and-oil-historical-chart

I just posted the below blog after having a look at the gold chart today. I haven't been following this thread, so apologies if some of it may overlap with what you guys are saying, which I strongly suspect will be the case since most of us look at similar things.

chartsview.co.uk/Chartsview-Blog/fib-ext...-could-be-going.html

These are the chart's I posted within the blog (only 2) - but the next key area for me is the 50% fib ext from extreme low (2005) to extreme high (2011)




Closer up view

Gold (Bullion) forecast based on EW:

$1160/oz is the level I had noted down also but I wouldn't mind it to fail and head to $900-700/oz to pick up some physical.

im waiting for the perfect entry ...
This would be the 61.8 fib level at around 1160ish.
Theres 2 levels of support there so should bounce on a first attempt basis. So put that level in your diary


dl.dropboxusercontent.com/u/4899609/goldjune27th.png