buying gold here?

[gharghur2]

Gold:
The precious metal is overextended, but may touch $700 before pulling back into a much needed correction.

 

[gharghur2]

Is the precious ready to hit the brick wall?

 

[PMInterloper]

who knows??

try to trade this and you'll be killed. Get in and hold tight.

Corrections have been called since 530; the trick now is where to get in? The easy entries were loooong ago (at least it seems that way now).

 

[gharghur2]

The gold mining stocks are not confirming the new highs. This is usually the first sign of an intermediate term top.

What goes up parabolically drops like a rock.

Although the pattern does not appear to be complete yet. I think the risk/reward favors taking profits.