My price time analysis is showing this period for the final lows in these markets. Let’s face it, picking a new multi year low is an extremely challenging proposition, however, a low has to start from somewhere, today’s close will be important for next week.
I am recommending both futures and options to enter. Be very careful with Futures contracts, Options approach will be using the Scale-In strategy, call or email for details.
First, the daily gold chart:
Now, here is the weekly chart, down into support:
