Gold

any bounce on gold to 1617 - i'll be adding to shorts with a stop just abv.

screencast.com/t/L5E1dVMgq

Even with just a straight copy of (( w )) this has to go to 1536 IMHO

Gold seems pretty clear to me so it's probably very complicated

There's a clear lower high and it's been very range bound between approx. 1525 and 1800. 1525 is therefore a very important support but I do expect it to get broken at some stage to complete a large corrective wave down from 1921. The range of c. 175 suggests that if 1525 goes then we should be looking at c. 1250 and there's a support at 1265:



dl.dropbox.com/u/20815047/Goldweekly20_02_13.gif

gold crosses the death cross.
50ma crossing over the 200ma...quite bearish.
just a heads up


dl.dropbox.com/u/4899609/gold19thfeb.png

The last time gold did the death cross it fell $150..

gold weekly... i was very bullish on this until we failed to breach 1750 area.

Now i got my bear hat on. may see a short term bounce but is sell the rallies until gold can close abv 1700+

here's the weekly for a longer term view.

dl.dropbox.com/u/40497882/Gold%20Weekly_Feb2013.JPG

Have an open mind just in case - a close above 1636 at tomorrow's London Close can mean trouble for the gold bears (at least temporarily).