ericpicar

Gold Speculation

TVC:GOLD   CFD sur Or (US$/OZ)
RSI divergence showing possible bearish towards 1950-60 levels before going back to main bullish trend. If these support levels get broken through, it's possible to reach the strong support level of 1917 which was a strong resistance level back in Aug/Sept 2011 then made multiple S&R flips. Possible price range to be reached around 2120 based on the Fibo Retracement, and by combining two recent major swings on HH's and HL's this could play out sometime June-July or it can be much sooner because of market volatility. Either way, anything can happen and this is just my personal opinion.
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