Gold is reversing!

[FXManiac]

It's true! GBP/USD and Gold is basically the same. Look at their charts and you'll be in for a huge shock! I think once G/U hits its top Gold will too and both will crash sm_win
So what do you think?

[guptabhk]

you are right today non farm pay roll expected weak for us dollar so before the data both will go up and
if data is storng for $ then they will crash
if data is weak for $ then it will go up further then also it will crash

[FXManiac]

Yep, but for now it looks like it'll still go up. My guess is it'll start crashing come September/October

[acidguy]

i think it will crash probably when usa economy improves.
what is getting even further far at this moment. usa economy is deeply troubled.

look at oil, what will happen when usa get in winter? $100 a barrel?
where do you think is gonna go the price of gold?

i think is gonna skyrocket as well. for a crash in the price many things have to be fixed. look at the dollar, it had the opportunity to break down 1.35 and it lost it. now is in 1.38 again looking forward to 1.39-.1.40.