Gold

Hi RC,

I like your thinking...

I did put this chart on the chat facility on Nov 11th - it looks like the 1-2-3 set up is there now! (should have posted it here!)



dl.dropboxusercontent.com/u/15745438/Tra...aily-11-NOV-2014.png

Long on break of 1179 which is 123 low breakout
SL is 20 pips



Target would be red line of resistance on daily

Ultimately I wouldn't be surprised to see it somewhere near the 950 area for a 50% pull-back, but you're probably correct to assume a small move north b4 that happens; difficult to trade tho?

I note a close below the 100 Month MA at 1178.75...

Gold has finally broke the 1180 level reaching a low of 1166 so far.

Will be interesting to see how low it goes over the coming weeks.

With such a major support getting breached I would have thought a much stronger move south...still it's early day's.

What's your target Remo?