Direxion Daily Gold Miners Be (DUST)

[TheSittingtight1]

Re Cap.... look at the dollar..

TheSittingtight1 Sunday, 11/08/15 01:51:35 PM
Re: None
Post #
3538
of 3790 Go
Where is gold going? If/When it breaks the 1078 then the 1074 the bottom should accrue somewhere in the range of 989 to 1004 range. IMO The dollar has to break and hold the 100.39 for this scenario/ math to become pliable.
I am quite sure that we will continue to see downwards pressure (manipulation) on gold at the beginning of this week. There is still some room before the RSI tells me enough is enough. The GDX, and NUGT have room to move down too. So we shale see if the shorter's and paper contracts get cleared above the 1074 or they to will wait for that 989/1004 range.

There is a lot more things to be taken into consideration to have some type of educated guess but I will drop those opinions on my next post.

Please feel free to politely and constructively criticise my opinion and point out something I might have have missed.

Hope everyone had a great weekend.

Thanks and let's make some $$$$$$.

ST

PS Dust still on track to break the 23.5/23.6 range I posted last week. IMO