JSPFX

Massive $40 drop today, potential target 2008-2010 before another decision to make

This is a risky one as we’re in a downtrend but we’ve had a massive bullish move in the Asian session and DXY has gapped down on opening which could lead to more downside. I got in a gold buy at 1647 so SL is now into profit and I’m holding this today hoping for 1670/75 and beyond…. Let’s go bull !

As published previously last week we have had the retest of 1650 and we have closed the week below, I’m expecting an attempt to break back through the 1650 support turned resistance early this week, will it hold and continue towards 1700 or are we going down town! My monies on the 1670 zone being tested first

Gold has had a slight push up in the Asian session, I’m expecting a move below 1650 today, will start selling now and use a moving stop loss

This is overbooked more than my grandmas chicken nuggets in 1999, expecting a pull back of some sort in the Asian session

Consolidation for gold at the minute, slowly making its way down for a retest of 1650 in my opinion. What happens around the 1650 area will determine wether we see a retest of 1600 or 1700

New low formed during Asian session, sink or swim time for gold

Have we seen a bottom on the daily…. I think this has some great potential to be the bottom, let’s see what the rest of the week brings, I did say previously I expect this to be sitting above 1735 come week end

After the big drop in 60 seconds after the news this afternoon, (big flush out of the buyers) I’m expecting to see this above 1735 by the end of the week