Tuesday, July 7, 2015

Ready for a Goldexit?

Gold broke down the minor support zone at 1175 and bounced at 1160 as we correctly predicted (Gold shows further signs of weakness).
Currently gold price hovers around support at 1160.
If gold moves below 1160 then probably 1135-1140 support zone will not hold leading gold towards 1090-1110.

Similarly GDX is moving towards 17.If GDX moves below 17 then probably it will gravitate towards 14.5-15