gold next move (deadline mid-april 2013)

gold 5years weekly chart - giant descending triangle

last thread i mentioned there is a hidden tumble sign.

if gold cant move above USD 1775 by the next 3 months (feb, mar, apr), the tumble sign will get obvious.

back to the peaking in aug/sep 2011, it was a classic double peak with clear top-divergence. we had seen this absolute signal in 2007 HSI, 1997 HSI, 1987 HSI etc. the possibly target of gold could be below USD1480.

since two years ago, we had lot of newspapers, magazines, articles, bloggers giving in-depth analysis that gold will skyrocket to USD2000.

all of them are deceiving investors/speculators.

right now, as at yesterday, gold stopped at USD1634.40 and a little more falling would trigger another bounce. all those mini-bounces shown on weekly chart tell that the purpose is to neutralize the oversold in last november (nov2012). lets wait and see this "tumble sign".

get out of long position!

yeeeeeeeeeeeehaw!!!

it drops alot as expected 果然如預期的跌了70美元.

our last position was USD 1634
now at USD 1562, yesterday day low was USD 1558

please close the short position and realize the profit

honor our lord, glory to our lord.

a technical bounce is due, we shall wait for the bounce to correct the oversold and we will grasp the next opportunity.

why dun we look for USD1480? nah, there are chances ahead, profit taking is always recommended. we will setup our next position later.