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Tuesday 16 August 2011

Bullions Looks Buy to Fear !!!!!!!!


Gold Next main target is $1879.  We’re well aware that there’s an important monthly mark lying at 1751

But the fact that the 1751 were greatly exceeded and the Friday close narrow to 1751 point to the expectation that the 1751 will be broken and closed 1779  If the 1751 had been a strong resistance mark gold would have rebounded from it visibly.

This visible overstepping of the 1751 and the resistance  show us the enormous trend force gold still has There’ll be nothing like a "counter reaction to 1400-1200" trumpeted by the fairground barkers after each new gold all-time high. This trend hasn’t finished yet… The exceeding of some important Monthly Resistances is rather showing that  wants to be reached as early as in August – but maybe not before the beginning of September. But inside I’m already preparing for a last exhaustion Jump  to 1879.

Overall this month gold low 1652$. high 1817$,difference of 165$.  from 1750$ i am expecting 130$ jump .and  By reaching the main target its better to cover all the monthly long positions  !!!!!!!!!! .

1879  is the trgt only closing abv 1782 

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