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qero
Feb 11, 2020 8:09 PM

Gold, stay away for 3 months Short

Gold FuturesCOMEX

Description



No mater how bad the news around you, look at the gold, it's NOT going for new high!

stay away from it until it reach a 0.618 retracement area, about 1510

however, I expect it runs 3 months and end during Apr 2020. price level will be adjusted with the time frame.

Comment

I was expect an correction of multi-month length of time, but the virus just make it happened in one single day!

so, I'll close this idea now. the CORRECTION IS DONE!

I'll post a new idea of up trend with target this weekend(hopefully)

:)

Trade closed: target reached

as stated above, the correction is finished in a day.
Comments
Binary_Forecasting_Service
Your technique is all wrong buddy.

My software is calling for 1720 in 2/21 and 1920 in 04/17. AT THE WORST, it would be 1920 on 05/24.

You're saying stay away 3 months? Lets see, my 1720 call only need 5 days.
Binary_Forecasting_Service
@MQP, Update. I got too excited for the 1720 signal that reversed. That said, 05/24 1900, I stand by it.
qero
@MQP, This idea is base on daily chart, my very OLD chart base on monthly chart I post a year ago already predict at least 1700 area uptrend from 12xx area
qero
@MQP, You are right! I'm catching up the bus already, it's a lot more rooms til 1900 area :) cheer!
Binary_Forecasting_Service
@qero, Believe it or not? You're right this time. 1265 by 04/03... Its sick!
qero
@MQP, that crashed was a correction, not a reversal, up to 2020 soon
Binary_Forecasting_Service
@qero, not enough info yet; maybe tomorrow we will know
qero
@MQP, buying @1366 wait for the free fall
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