123Tom's TA study group

[123tom]

Looking at gold ,K123

I'm always interesting in the charts. One thing that they seem to do with spot metals ,it looks like they have it controlled on a technical leash.

Wherever it goes, it does so by Cartel control and manipulation. Thats become my viewpoint for as long as Ive watched gold and silver go up and down. How low will they allow any downwave in these coming weeks and months. They allowed a rally to reach only as high as the 1350-1370 area, and down, it goes to test 1200-1170 area. a few years back it was 1125 and 1050 area. I was watching this year for the 1200-1170 area.It bottomed at 1167/1170. I thought ok, now they will take it back up to test 1270 and maybe 1370 again and then send it back down to test 1270 again and maybe that 50ma will be a target.the 200ma at 1250, a target.
China and Russia are the gold owners wanting to make it their currency stability base. I suspect at some point it will regain its luster as a big element of global reserve currency standard.

I dont know if gold would fall again to 1200. I'm looking at the 1250 target zone, as we see the 1270 has been a big target so far.
Ive been a gold bug/austrian school economics oriented since 2006. been waiting a long time for the great gold price reset.

I want to watch now what kind of resistance force caps around 1300/1290 area,and see if the downwave continues to test and break below 1270.target 1250 area and the 200ma. lowest target on my Fib chart is looking at 1220-1227 area

50ma at 1257 and 200ma at 1247
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