Right now the key level for GC is 1184, break that and we should be on our way. There is a chance we see slightly lower levels before moving higher but over 1184 would be a strong signal it's time for this flipping 3rd wave we've been waiting for.
****READ THIS****
I want to put this out there just in case it happens and I'm not around. This is not my expectation but you all should be aware of the possibility. If and that's a big if gold makes a new low from here it would signal a long term bottom. It would most likely be around $1125 and barring any extensions would signal the BOTTOM of this 3 year retrace. Again this is not my expectation but it is possible.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.