Although gold’s six-day slide may have some bulls feeling a little glum, the bigger picture is still quite bullish and suggests that the weakness has been merely corrective. This would still be true even if the futures were to fall beneath the 1305.50 point ‘C’ low of the pattern shown. And if the futures were to rally exactly $13.10 from some low in the range 1308-1311, that could provide a ‘counterintuitive’ buy signal that would be almost irresistible. Stay tuned to the chat room and be sure you have checked ‘Email Notifications’ on your account page, since I will be tracking this potential opportunity in real time. If the signal flashes in the manner described above, our goal will be to find a corresponding ‘camouflage’ entry with risk very tightly controlled.
