All that glitters is not Gold

26 дек. 2019 г.

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.

27 дек. 2019 г.

Заметка

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