This is why the market is cruel to average Joe who is worried about how to keep his hard-earned work safe. But you have to understand market dynamics and regardless on severe inflation of currencies, GOLD looks like it is topping out here and falling into a bear market.
I've been short since 1900. Will add on bounces to the upper median line or to 0.618 retracement. Will sell on touches to the lower median line.
Down to $1500 area minimum.
Not advice.
I've been short since 1900. Will add on bounces to the upper median line or to 0.618 retracement. Will sell on touches to the lower median line.
Down to $1500 area minimum.
Not advice.
Comment:
Very bearish weak domed top forming with bounces not exceeding 0.786 and sudden collapses - all indicating that a bearish motive wave is underway.
Comment:
Comment:
GOLD getting crushed.
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