Gold - Buy? Do the contrary than what perfect TA suggests
Falling to 900 would be too academic.
The chart screams short because of the Apr13 experience. It may be a beautiful trap.
My Feeling: buy
How: stop 1110 on close
Acknowledgement:
I was neutral in 2014 as i felt a collapse was possible.
Then i tried to buy 1275 stoped 1230 - lost 80bp
Then i tried to buy 1206 in smaller size and i am still long - will stop 1120 (would lose another 80bp)
if it jumps it will be a long ride up and I will add on the way.
The chart screams short because of the Apr13 experience. It may be a beautiful trap.
My Feeling: buy
How: stop 1110 on close
Acknowledgement:
I was neutral in 2014 as i felt a collapse was possible.
Then i tried to buy 1275 stoped 1230 - lost 80bp
Then i tried to buy 1206 in smaller size and i am still long - will stop 1120 (would lose another 80bp)
if it jumps it will be a long ride up and I will add on the way.
