Short since 1370$, i'm waiting that gold tests the 1270$ area, level where gold standed before brexit. There's a nice 121 bullish setup and a confluence with 0.618 extension of the last bullish wave (BC on the chart)
Trade ist aktiv
⋅
Kommentare
VirtualFax
⋅
So your mid-term is rather bearish?
VirtualFax
⋅
What I meant was you expect a downwards bounce off the $1,286 level
pixi
⋅
Oh well. My bearish mid-term target should be this one
VirtualFax
⋅
Pixi, your analysis and charts are awesome. But I hope this specific scenario will never unfold : )
It would have been quite devastating for the industry...
pixi
⋅
lol, i hope it will unfold for my account. I don't understand why it would be devastating for the industry (we're trading paper, not real gold ;))
VirtualFax
⋅
Paper that sets up price for the real metal, does it not?
Pixi, what kind od trade is active now? Could you please specify as I don't think I'm able to figure it from the chart itself which ends at your prior bearish target.