Gold Glimmer Gone?

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Gold’s Glimmer Gone?

NEW UPDATE: 9/4/15

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IS THE GOLDEN GLIMMER GONE WITH THE SUMMER?

Despite the public’s propensity for buying Gold, the price charts reveal the truth to those with open minds and eyes to see what’s next in this market . . .

[private_GANN TRADING GROUP]

 Further price weakness is indicated by the charts right now and, the only way to break this downtrend momentum would be for prices to surge beyond $1160.

gold_2The chart above shows that the present price structure has gone sideways and breaking lower.

New lower prices should come into play over this next week with an early first price objective at $1100. If price is able to overcome the Time element of this coming week and is able to break below the $1100 price level, then, $1080 will be our next expectation on the downside for price support.

A price ‘Run’ is expected this coming week with prices moving sharply in one direction for several days. If such a price run occurs to the downside, it could take prices down to as low as the $1060 level at it’s extreme. There will be a lot of support at this price level. – George  [/private_GANN TRADING GROUP]

  • September 4, 2015