This Drop is a pain for a lot of people but I can assure you it will end up in the money, if you are hedging, it will be okay.
I don't get sell signals at the moment, but I warn you about possible downward movement to 1190-1180.
Gold is to be back to 1380, and even if it drops to the box lower, it will be back to see upper levels.
You will be okay.
I don't know why you bought up there again, I posted in one of my ideas the Confirmed bull teritory level which failed to break, and this is where you add longs. Why? Never mind, hold tight, it will end up in the money, but be ready for one more leg down.
We will check on smaller time frames to spot when the reversal comes. I said I won't be here since I have things to do, but I will manage my time to keep you updated, because some people are in serious problems!
Remember, never ever close your hedge sell down there in the green box.. You have to save your account not, make profit, I will post the right strategy how you should operate in this situation, but if you close it down there and you have buy exposed without hedge and you think oh well if it goes lower I hedge again, you have to stop investing and question your mindset.!
No consolidation aboe that level.. went back below in seconds.
He hedged in the last moment and his margin is lower than 1k on a 50k account.
So let's find the retracement to see when gold start the path to 1380 and this guy become happy again. Everything will be okay.
I will update the view on gold after todays close, but bears should be out of this game soon, But I think we hit the green box for that.
Happy weekend, and see you Monday with new Idea with updates!