Loading ...Well, everyone is entitled to their opinion and so, I surely have one. Not $gold positive at all. Several analysts had discussed the probability of a dead cat bounce and imho, that’s all we are seeing in here. I have very short term indicators that have been calling for a bounce over the last 5 days. They have been correct. However, the weekly cycles indicate much more downside to go yet, so that all this recent upside will be evaporated very soon. Have you ever seen an Int. cycle low culminate in only 3 weeks? Me neither. At best look for a June low…at best. Support, for now, comes in @ the $1200/1180 zone in June. It’s Dust rather then Nugt at this time…Avoid the Bull trap.
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