This is my opinion and long term outlook for gold. NOT FINANCIAL ADVICE
Chart explains everything as to why I'm bearish.
I have had this outlook since 1900 lost support. As it sits gold is in a bullish trend
expecting price to rise to 1850-1860 zone before continuing the bearish trend down to my final target.
The long term trend line since gold was listed for trading has been tagged 5 times,
5th tag was the start of thee bull run-
Feeling like that trend could give way to try recoup some of the gains from the large bull run.
If that happens I think we will hit free fall - My opinion and position at current may change and should not be used as finiancial advice. DYOR
I'm currently short!
What's your Targets and positions?
Thoughts comments opinions welcome,
Tight stops!!
Trade safe, Happy trading :)
Chart explains everything as to why I'm bearish.
I have had this outlook since 1900 lost support. As it sits gold is in a bullish trend
expecting price to rise to 1850-1860 zone before continuing the bearish trend down to my final target.
The long term trend line since gold was listed for trading has been tagged 5 times,
5th tag was the start of thee bull run-
Feeling like that trend could give way to try recoup some of the gains from the large bull run.
If that happens I think we will hit free fall - My opinion and position at current may change and should not be used as finiancial advice. DYOR
I'm currently short!
What's your Targets and positions?
Thoughts comments opinions welcome,
Tight stops!!
Trade safe, Happy trading :)