XAUUSD GOLD Pull back Area for Jun 14 - 17 full moon Follow the 618 retrace
SILVER PULLBACK into DRAGHI #NFP REPORT
Basing and Boooooooooooooom
JNUG (GDXJ) XAUUSD GOLD Tags ST Top (GANN)
The RSI for the Bullish Percent index on the Gold Miners index reached below 10 suggesting a low is near (Tuesday close 3.32). An RSI close above 30 have proceeded $GDX rallies; Wednesday's close 36.30. $gold $gld $XAU
See chart for support areas scalp
Gold tested $1269 early Tuesday before reversing higher and gold finished 5-waves down on the hourly - today was the 55-day Fibonacci step out from the 3/27 high - did we mark an important low?
Gold tested $1269 early Tuesday before reversing higher and gold finished 5-waves down on the hourly - Tuesday was the 55-day Fibonacci step out from the 3/27 high and Wednesday was the 21-day Fibonacci step out from the 5/1 high - did we make a low? The GDX needs to lead us higher.
Bullion banks are trying to break gold down again - Holding the channel at $1279 could see a retest of $1309 next week. Weekly Head and Shoulders bottom forming on gold and holding below Neckline "coiling" (building energy). Weekly Bollinger Band width at 20 year low suggests large move coming. Weekly RSI above 50 suggests the move is up.