Gold looks very bullish to me. Long, S/L 1666, target 1900 area
While i think US indicies will drop below their previous low ~2200 i don't think Gold will follow but
will make a new high instead. Should it be drawn down with the markets i buy on the way down.
Miners are still a good buy in my opinion.
To break the resistance at ~300. If the support at 2750 holds, we'll see. But with tons of negative economic data, Central banks replaying 2007-2008 behaviour ( which is definitely not bullish bcs it just shows how desperate they are already), and people full of virus concerns, coming bankruptcies with lots of unemployment..i highly doubt their will be the major...
If we don't close significantly above the monthly downward trendline in the daily, i think the current bearmarket rally will end here in 280-290 range. I am short since 275 and plan to add to the short step by step. S/L 295. Short target 220, Mid term ~180, Long-term 110 :)
What do you guys think?
