DislikedThose kind of wedges in this case are correctives, that means that gold could be ranging for 4 months more before break 1920 (the white line) But if gold retest that red line again, the bull will return fast.
I am not saying that we could not go to 2000 from here, but I got that stone in my shoe!Ignored
Hi GM, LC and all. I am immediately bearish in gold and then looking for a position trade upwards. This view imho is invalidated of we take out 1550 to the downside. So I will be looking for signs of a good bottom. LC your chart shows a channel downwards and I think I am seeing 4 waves done now looking for the last wave down. My eyes will really be open from 1610 looking for a solid bottom
Olu
Find a trend and milk it for all it is worth. That's how to be profitable