Gold Spot / U.S. Dollar
Long
Updated

The buying pressure in gold is back, not seen this in months

Gold is trying to set a bottom, there is a good chance this is it! I will think we will try to break the small downtrendline at around 1280. My taget for gold in 2017 is around 1700

Alot of unsertainity is in the world now, we got brexit with the UK, and the same can happen with Italy and France. Trump is entering the white house in less than 1 month.

Bitcoin is alot up, and have an market cap of 75 billions, thats is alot. Something has to happen.

You can see the same buying pressure that we have not seen for months in U.S stocks, miners, GDX; NUGT and so on.
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Wave 1 went a little more, i think wave 3 will be very powerfull
Trade active
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Working out good, going for final target
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we are at big resistance, decision time is here, i do not think we will break out yet

Disclaimer