SPDR Gold Trust (GLD)

[fxcm77]

So how long before we test $1577.00?


If you look at the charts you'll see that a parabolic move it's just about to happen. DXY starting to roll over back into a berish chanel and Gold(MACD&RSI) turning bullish with room to run.
First major resistance will be
$1612.00
$1669
$1769.00

So when? How soon? Well look at it this way. Today Gold will most likely gonna print 1540-45. Sunday when Asia open will Shoot Gold over 1550 and gonna push all week for it untill reach 1577.00. Here things will start to be interesting. Dollar gonna fight (hard) fight becouse it will be the begining of a under 73.00 DXY slide. US stock will gain again on value AAPL back to 350.00 and SPY to 136-37? why not Dollar have no value and price not matter when inflation happening.


M opinion? Next 60 days (Dollar ; .65-69 Gold $1650-1700 Silver $55-60)
If I'm wrong I'll be heappy to admit it next 60 days



Heappy tading