NFTRH has had the recovery target of 1650-1700 (or the 'nose' of the Triangle) loaded since our 1590 downside target was pierced and support in the low 1500's was registered. So gold is a candidate to terminate its bullish activity right now.
But resistance is there to be broken, and the picture is not so cut and dry. A correction of very minor or more serious degree was bound to happen right here. What comes next is less obvious. There are a lot of hints flying around outside the gold market, and I am trying to gather them, find meaning in them and correlate them. Short of that, it helps not to force anything. We cannot bend markets to our will.
http://www.biiwii.blogspot.com
http://www.biiwii.com
But resistance is there to be broken, and the picture is not so cut and dry. A correction of very minor or more serious degree was bound to happen right here. What comes next is less obvious. There are a lot of hints flying around outside the gold market, and I am trying to gather them, find meaning in them and correlate them. Short of that, it helps not to force anything. We cannot bend markets to our will.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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