Gold Analysis Monthly November 2014

As described in the last analysis, the break out of the important negative signal in September 2014, generated a  strong correction trend.   In fact the gold at the end of October,  recorded a minimum of $ 1,161.5. The expectation for November 2014 is for a continuation of negativity, which will has ‘as a target price of $ 1,100.

Only the  breakout  of $ 1,293 will restore the positivity of the medium term.

Study with the Gann’s Theory: 

 The negative breakout  of   Septemeber’s Set Up  2014  was confirmed in October 2014, with the  a strong correction trend (  bottom of $ 1161.5) . The trend therefore continue in November 2014 with a target price of $ 1,100 .

Only the positive Breakout of $ 1,293 will restore in the medium term a new uptrend

Massetti Francesco

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FRANCESCO MASSETTI