GOLD is capitulating and a Primary wave C is probably underway down to $1500 area. The recent sell of has been fast and a bounce will probably come soon enough. I'm swing closing some of my position and if price gets back up to long term support turned resistance then I will re-enter a swing between 0.5 and 0.618 fibs. If not I dont mind at all taking profit, I will hold into further capitulation.
Some funny comments. It was just the same calling BTC and ETH top - a little milder here actually.
Some funny comments. It was just the same calling BTC and ETH top - a little milder here actually.
Comment:
1hr hammer completed into ABC 1:1 area. Very good chance will bounce from here.
Trade closed: target reached:
Position closed as clear reversal underway. Will look to re-enter down the road.
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