As many of you who follow me, know by now I am short on Gold down to 1570 long term as my main bias. I have even uploaded the analysis on my page which you can go back on see. However, this here is an alternative analysis and has a likely chance of coming into play. After last years strong bullish momentum, Gold has spent most of this year within a correction phase which now seems to be complete according to the Elliot Wave Theory.
Gold is now in it's final stages before making its next big move. I am expecting one more micro push down on Gold towards the 1745-1735 price, before we see Gold start pushing back up again. Don't forget, this is an ALTERNATIVE to my Gold short analysis. I am still holding both my long (1742) and short (1870) positions hedged against each other, in accordance to all the previous analysis I have uploaded on my page (feel free to go check them out).
I will be catching this move on behalf of myself & my Account Management investors within my private fund. Drop a like and follow if you would like to see more analysis uploaded.
Gold is now in it's final stages before making its next big move. I am expecting one more micro push down on Gold towards the 1745-1735 price, before we see Gold start pushing back up again. Don't forget, this is an ALTERNATIVE to my Gold short analysis. I am still holding both my long (1742) and short (1870) positions hedged against each other, in accordance to all the previous analysis I have uploaded on my page (feel free to go check them out).
I will be catching this move on behalf of myself & my Account Management investors within my private fund. Drop a like and follow if you would like to see more analysis uploaded.