Gold-USD1145 in September http://mahis9.blogspot.in/search/label/Gold i have indicated that gold if moves below 100 month EMA it would trigger another bout of selling. Now gold has moved below the 100 month EMA which is very bearish for the gold. Gold has gone below it for the first time after december 2002 nearly 12 years so a huge bearish sign for the bulls in gold.So now comes the obvious question comes what would be the next target for gold. It would come to 50% retracement of the entire rise from year 2000 onwards which gives a target of 1082 which has to be closely watched if it is taken out then we can say that bulls would be decimated in gold as the next target is nearly 200 USD below at around USD 886. But we have to wait and watch at 1082 and then take a decision. we can expect a bounce from 1085 levels. So bears are active in gold as of now.

May All be peaceful and Happy

M.Mahiidar
Enjoying Life
Trend is Friend.