Tuesday, July 29, 2014

Bought Gold today around 1300 USD / oz 7-30-2014



















Bought Gold today around 1300 USD/oz with the following reasons:

1. Gold is in short term uprend and possible forming a base to complete a b c pattern to finish Major B (Bear Market Rally).

2. Gold is still 46% down from its 2011 top, and this Bear Market rally has just rallied 10% from the lows, if 38.2% retracement is to take place, we have around 10-20% more room to rally.

3. This is a short term play.

*Chart by T. Caldaro - for reference only

No comments:

Post a Comment