Gold Futures
Updated

Trenline Obliterated on Gold GC

126
We obviously blasted through the trendline on gold in a triumphant bullish fashion.

The question now is, with gold slowly starting to run out of upward steam, where can we expect a retracement to? My best guess is the 1880-1890 range.

Predictions for upcoming days:

1-4-20
1885

1-5-20
1890

1-6-20
1895

1-7-20
1897

1-8-20
1900 (cap out or close to it: this price is hard to stay above of for long period of time so far)
Note
sorry for writing “20” when I clearly meant “21” still getting used to it of course
Note
watch out below! Dumping is ‘a coming!

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