2016, the year of the Risk-Off Asset
Historically Gold has performed +10-20% in the 6 months into US Presidential Election years AND also by longing Gold on this pull-back it opens up the opportunity to benefit from the potential tail risk that the UK votes to "Brexit" in which Gold will likely trade through $1400.
Gold is one of my favourite plays for 2016 for...
I buy gold at point 2 around $1243 and will close order at target B .
Then I will sell at this point B with target 1.272 Fibonacci Retracement of A2 around $1230.
Hello,
I posted a chart to long XAUUSDon 17 December 2015.My buy from 1060s is still running.Strong support + wave count + bullish trend still favoring buy.I am adding one more here.Buying 1087-1092 stop @ 1081 target 1122.My risk is 0.50% of my account.