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VulcanoRosso
Dec 22, 2018 8:45 AM

GOLD SHORT till 121x$ Then LONG to 1370$+ Long

Gold/U.S. DollarFXCM

Description

gold seems heading for correction.
expecting a drop till 1215-1220$ range.
then reverse up again.
top bullish target for 2019 : 1375$
good luck.

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Expected correction from 1260$ , but interestingly GOLD pushed to 1300.Now it's started to pullback.
121x's still may come before a bigger bullish upside.
If GOLD drops to 121x's don't miss the bull market.
Possible Upside Targets : 1435$ ,1480$ , 1520$.
Good Luck.

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trade updated :

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Trade Update :
Looks like gold is performing an over-extended trading.
Recession might be on the way.
Other commodities such as silver , platinum , oil etc. doesn't support the gold's rally.
Watch 1430$ for short.
I think this bull market is going to end soon. it will drop back to 121x$ at least i believe.

That will be the market decision point. Gold can either reverse from that bottom again or go for a deep dive through 9xx$ levels before the reversal.

Good Luck.

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