Gold

Looking at Gold here.
I think this may have now made at a short to mid term top imvho.
Looks like a trendline break, and i think that's a h&s top.
With the rsi also breaking support, this could well move down towards the 200 day ema, off course lots of supports between those levels.

As long as this opens below 1345 tonight/tomorrow, i'm looking to short Gold, and quite possibly some Gold stocks as well, so lets see.

imvho, dyor, wdik
Trendfriend.

gold has broken out past strong resistance.


dl.dropboxusercontent.com/u/4899609/gold16thjune2016.png

if gold stays above this and in a few days time comes back and test the level then ill go long at the new support.

Closed at 1246 earlier this afternoon. Was looking for 1249 but just missed out.

Just gone long on gold with a stop just below today's low.

nice rsi div on the hourly as well, suggesting a possible rise, even if it's only short term bounce

wdik, dyor
Trendfriend

Nice trade Monkeyz!!

Watch RSI support from July, looks it tested it and held...
Maybe a good time to go long??

Yellen speech later could spike it either way thou... But I think the drop overdone....

Atb, wdik.
Trendfriend