While I'm bullish about Gold long term, I'm counting a triple zig zag WXYXZ that needs to play out. The recent push up touches the 1.276 extension perfectly at the .786 retrace. From here I see price consolidating towards 1400 before resuming the uptrend.
I know a lot of people think Gold has broken upwards, but I think they'll be caught out. It's a game of patience however, and if you hold your longs you'll be fine in the long run. But for me, it's a good low risk place for a short.
Merry Christmas and wishing you a prosperous 2020.
I know a lot of people think Gold has broken upwards, but I think they'll be caught out. It's a game of patience however, and if you hold your longs you'll be fine in the long run. But for me, it's a good low risk place for a short.
Merry Christmas and wishing you a prosperous 2020.
Commento:
A little bit of sideways action today, but I think there is potential for one last push up. I've described my alternate count in the latest idea
