If not, probably next Monday 26
Then...wait and see. Important support 54.
We are at the early stages of a multi year up trend. I think we are like 2004 when gold reached 430 $ or so, just above the 420 $ from 1.996 (almost 8 years later). This time is almost equal to the 2011 top from now. It doesn't mean that things have to follow the same path, but it helps. Let the market shows us the top. Too volatility now.
One of the most difficult things to do is to trade a clear sharp up leg, like the one in the precious metals from June. Simple because you just have to no nothing. This is simple for an investor, but difficult for a trader. Always looking the other way around when things are simple and clear most of the times. (Just a thought and a lesson to learn for me). This changes in every momnet, but if i had to bet, i would bet with the trend...up. Maybe 66-70$ next end of next week, and gold... 2.0XX $. With stop loss and so and so.....
Hello. Yes I'm still short. I bought JDST at 11,41. So I'm even.
I expect a drop of gold. Three days with a rise of 50$ in gold but gold stocks remain even at best is not a good sign. It has never been a good sign. Se are at a extreme situation.
I Also bought more short today.