GOLD - 2008 support tested - COT -> BullRunWe have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $
Buyers should come in here
Hard to justify a sell
Crazy divergence daily RSI
US dollar craziness
10/30 spread craziness
Stock market will not make new gains if gold continues to fall either
They have to make up their minds now --> FED
XAUJPY
stay neutrialwhen we talk about JAPANESE YEN VERSUS GOLD we are talking about safe haven currencies both of them in same needs and same movements versus USD .
so when we wanna know JPY and Gold real way you should track this pair.
overall
XAUJPY looks below weekly uptrend for the second week in succession but it looks failed to broke daily uptrend
so i will stay watching until it confirming 142000 area then i will sell
Big move in XAUJPY coming soon to a theater near youI've never seen such a coiled spring in all my life. Trading in a 4+ year channel, on top of a triple symmetrical triangle on shrinking time horizions and now a 4 week channel as well. I mean I do not know what else to say. This thing is going to blow like mount saint hellen and to which direction do not know.