The New CS Board

[dindindon]

07/03/15 Gold

dindindon
Friday, 06/12/15 10:58:50 AM

To be short term bullish, Gold needs to surmount 1191.80 in the next few session, Otherwise , weakness is expected for the rest of June & July

Gold breached the half power point 0.707/1206.31 ( 0.707 * 0.707 = 0.5) on 06/18, and then reversed down below the support 1189.10 (number posted on 06/20); Now, The critical support is the Mirror reflection point 0.786 at 1161.75.
- The down trend opened a decent Short swing trade opportunity

June 24, 2015 Eric S. Hadik
http://17yearcycle.com/uncategorized/stock-market-crash-goldsilver-bottom/

The late-June/early-July period remains a pivotal one when a more substantial drop could/should take hold. It also represents the time when Gold, Silver & Precious Metals should complete their multi-year declines and enter a new advance.

GOLD Elliott Wave Technical Analysis
By: Lara Iriarte | Thu, Jul 2, 2015
http://www.safehaven.com/article/38151/gold-elliott-wave-technical-analysis

Summary: It is increasingly likely that the trend is down. Final confirmation would come with a new low below 1,131.09. In the very short term, a small upwards correction should complete then be followed by more downwards movement.