TruKING852

TruKING852 Updated 

watch this week's inflation CPI # and that could be the catalyst for another leg up in metals

TruKING852

July/August are seasonally the best months

TruKING852 Updated 

Possible double bottom formation within 4 weeks. we should see $50 rally next week, followed by a retest of the bottom by mid-July. Sentiment data has reached extreme bearish, this is typically what happen around gold bottoms.

TruKING852 Updated 

panic sell off just as planned now we should see a good size rally in coming days/weeks. risk/reward suggest a short term rebound very likely..

TruKING852

personally i'm expecting gold price to hit $1950 this month but if we get a weak CPI print, the correction could happen earlier than I expected. the long term trend is still bullish,

TruKING852 Updated 

sell above $1900, buy back below $1840 in the next 4 weeks the big trend is still very bullish both fundamentally and technically. short term a pull back is very healthy for the overall trend.

TruKING852

$1840 is a reasonable downside target in next 4 weeks

TruKING852 Updated 

TVC:GOLD

TruKING852 Updated 

IMO, that 1160 was the bottom for gold, can see a short covering rally in the near future post fomc. near term support around 1180. In worst case scenario, 1160 may be re-tested. We should see a short covering rally into year end.

TruKING852 Updated 

watch for strong resistance in the 1260 region...

TruKING852

With the excessive pessimism, we shall enjoy a nice rebound right now. but metals should crash along with the upcoming stock market crash in Q4

TruKING852

target 1010 as first target in Aug.

TruKING852

an upleg about to start to 1400s ard Sept. this is my current view atm.

TruKING852

target 1280 before an explosive rally.

TruKING852

now we retest the Feb low

TruKING852

target $58 as first support

TruKING852

just pointing out a potential massive bull flag for USDJPY. if so, target 118 by Dec. 113.5 is the breakout point

TruKING852

Friday's late rally on Gold, if follows through next week, should have a target between 1300 - 1310, before downtrend resumes