The weekly EMA 36 has supported the entire move out of 2008. Today satisfied this important support parameter. However, there is a channel bottom down there roughly corresponding with the 1590 target.
Can lower levels come about? Why most assuredly yes. There are very desperate people trying to paint the macro. I would say the momo's that powered gold up to 1900 are long gone and any hammering it takes now is pure and simple manip... errr, coordination.
But gold is bullish my friends. This is all about feeling bad and being tended and herded in a certain direction. It is all about being made to look over there [<---] while something pretty important goes on over there [--->].
http://www.biiwii.blogspot.com
http://www.biiwii.com
Can lower levels come about? Why most assuredly yes. There are very desperate people trying to paint the macro. I would say the momo's that powered gold up to 1900 are long gone and any hammering it takes now is pure and simple manip... errr, coordination.
But gold is bullish my friends. This is all about feeling bad and being tended and herded in a certain direction. It is all about being made to look over there [<---] while something pretty important goes on over there [--->].
http://www.biiwii.blogspot.com
http://www.biiwii.com
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