As we can see the enormous Harmonic Bat Pattern is developing in a magnificent way. We broke through the multiyear consolidation triangle. Now we follow the Elliot-Wave pattern. Stochastic indicator ready to take-off.
In September'19 I opened two short position on GOLD (at 1507$ and 1530$) and took some profits at 1450$. Still holding my second short and moved my BE (Break-even point) at 1530$.
I expect gold to reach 1650$ and complete the Harmonic Bat Pattern in the next few months. The next stops will be: 1900$ , 2000$ and then MOON my friends...
Keep accumulating precious metals.
Good Luck!
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BUG EDIT* : In September'19 I opened two short position on GOLD (at 1507$ and 1530$). I took some profits at 1450$ and now moved my BE (Break-even point) at 1530$.
I expect gold to reach 1650$ and complete the Harmonic Bat Pattern in the next few months. The next stops will be: 1900$ , 2000$ and then MOON my friends...
Hi there,
Those are some very ambitious Gold prices indeed. Maybe exercise some slight caution. What are your short term views?
lucamodena
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@jngforex, Hi! I think there is some room for another retracement around 1470$ in the next 2-3 weeks but after that LONG, LONG, LONG. I keep accumulating precious metals no matter what is the current price.
Best of luck!
jngforex
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@lucamodena, Very interesting indeed! Many thanks!
Those are some very ambitious Gold prices indeed. Maybe exercise some slight caution. What are your short term views?