Our Last Trade for Gold went well from 1162 to 1180
Now lets buy gold again at the 0.618 level!
Three Targets
Comments
natkamon2504
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Hi Jack can I still wait for use this plan again or not ?
Pringem
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Hello Jack, are you stil in this trade?, thank for your answer.
mbw1972
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I have entered this position, albeit halfheartedly and for a very short term trade. The longer time frame trend is still determinedly bearish. Gold could keep falling here to either the blue trend line or even the bottom of the green wedge.
tntsunrise
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@mbw1972, yes.you are right. i have the same view. long term gold may reach 1100
but a short bounce is likely to happen.
trade what u see. if 1160 can not break down, the sellers will losing power.
ice_bird001
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@tntsunrise, Jack, 'long term gold may reach 1100', what's the expected time frame for this long term? Thanks.
gaptraderhq
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@tntsunrise, jack do you see the 1157 that we hit as a break? Or still looking Long?