Possible breakout to 1190 if it breaks out of that small channel, and continuation if EU keeps an uptrend, though unlikely.
Else, short. As much as gold buggers say only good news about gold, at the moment, there's still time to short gold.
Gold is following dollar price therefore no moon for gold yet.
When BTCA (Better Than Cash Alliance) will withdraw all cash off the market and no one will use credit cards, then gold, silver and bitcoin/other crypto will come in use. But that is unlikely. If it would happen, here's the scenario, according to a Durden:
www.zerohedge.com/ne...your-atm-won’t-work…
So until then, short gold with confidence, until that last trendline is touched, and then watch out, possible US QE is coming on June 16, so... might wanna buy gold at 1160.
Else, short. As much as gold buggers say only good news about gold, at the moment, there's still time to short gold.
Gold is following dollar price therefore no moon for gold yet.
When BTCA (Better Than Cash Alliance) will withdraw all cash off the market and no one will use credit cards, then gold, silver and bitcoin/other crypto will come in use. But that is unlikely. If it would happen, here's the scenario, according to a Durden:
www.zerohedge.com/ne...your-atm-won’t-work…
So until then, short gold with confidence, until that last trendline is touched, and then watch out, possible US QE is coming on June 16, so... might wanna buy gold at 1160.
