Well sir, 1611 buy signal did blow more then 20k of ur follower equity.. Now u me and everyone will ask..Wth is happening with gold nowday..All is loss!
According to 1 may 2011 the same thing happened . Under week chart . A big plunge of xauusd price. After that day within 3 months it rise from 1578$ to 19xx$ the highest gold price in history. As of now D1 chart gold sitting safely right at 61.8% fibonacci level. Bounce at MA :50 period. Good to buy at 1586.1 price .
akira2020
⋅
I really appreciate your analysis about the gold market. Gold is a monster! I got in at 1603 to hedge my stocks portfolio. It’s better to hold gold in a recession or a global meltdown. I’ll sleep on it until one day I wake up and see GOLD $2000......
UnknownUnicorn4762443
⋅
agree with you
this is my idea
ForeverNewbie
⋅
Hi, thank you for your great trade designs. I think that on Gold, the Fib 5/2-24/2 on its 78% seems (for the time being) to be the reveral point. It did dance around 1611 (very close to 61.8%), but it went right through that.. Let's see if it will hit the 1660 (or as a super optimistic TP2, the ~1730.
Cheers