Long term bullish gold... however useful short opportunity as we approach 1306 high. Will be looking to load up long if we get a decent dip. Copper lead the sell off see "Copper Short" Short at 1287, SL 1310, TP1 1183
Gold a model example of a bear range recoil.
Range set Jun-Aug'13; 1180-1430
Click - Broke out south Nov'15 (red ellipse)
CLICK- Recoiled almost exactly to the 50% fib (blue line)
BOOM - Surged below previous low in Jul'15
Genghis
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Run south at the end of 2015 attempted 1.618 fib (~1,025) but didn't make it quite that far being halted at 1,040
SL moved to entry... dropping nicely