But I still want to see downside, yes I know that is what I want unfortunately market doesn't give a fifth of a half eaten brownie about what I want.
I don't suggest to sell, I do suggest to add to buys if we get the drop!
I am long bias on gold and most followers know that. But if gold is doing such thing frequently that means it is baking sell. So the question then will be where we will close our buys and drive it down. For good bull it would be better to tag 1225, that means we can rise. If not we are baking the bear and sell again will be lurking on gold from higher levels.
Let's see how it develops.
Buy very small and calm at 1225. Then buy little bit more at 1223 and if goes more buy at 1220 but dont be crazy so you can survive dd just in case. U have to trust me on this one just like when we bought earlier before fomc. We were in dd yes but now these are big winners. Hold them... add to them and wait.
I am just very happy to see that the drop did happen that means we can rise and gold is deleting downside signs.
Now we can appriach 1237 minimum if gold is willing to rise.
So just turn on patience mode.
We need to reach 1220. 1220 is a must target.
If gold reaches it I am adding to my buys there hell yes.
If gold goes up.. it acumulates bear... so we will be selling! Let's wait with patience! :)
BUT gold left signs down there... that means it is now a start of bearish accumulation.. not strong yet.. so any time sooner later lets find a place to close our winners and jump in the bear! :* CMOK!