Who believes there isn't a Gold bubble right now?

In gold? Not really. But in silver, a big yes.

Gold should be at $1500 considering the dump in commodities

 

Draw the trendline on it to get my 1550-1600 target

 

Most people draw 2 trendlines. One on top and one on bottom. The top trendline is the new support for the previous breakout. $1650 is the bottom. So you're close, but no cigar!

 

Doesn`t it look like the left shoulder?

 

Does anyone know how much Chinese hold in euro relative to dollars?

 

1650 ?

We already traded lower than that last week

the lower one comes in around 1550

Upper lines means nothing to me because the move to 1920 was a parabolic top like in 2008

 

Where is my cigar ?



and who says TA does not work ?





http://finviz.com/futures_charts.ashx?t=GC&p=h1