FORECASTING 2020-2021 GOLD PRICE MOVEMENT BASED ON FRACTAL FIBONACCI ANALYSIS AND CHART PATTERNS. GOLDILOCKS RAN ALL THE WAY THE HOME. SHE NEVER RAN BACK INTO THE FOREST AND THE THREE BEARS NEVER SAW GOLDILOCKS AGAIN...
Be careful traders. Gold to become highly volitile in the months ahead. We have a long-term long bias on the PM however, always mitigate losses and hedge you positions as appropriate.
Entering a short term short position with a target price of $1720 as we are expecting a retest of the upper trend line of the recent broken triangle pattern.
Transaction en cours
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So far so good..
We didn't see the high volume bullish bounce we were expecting at today's lows. Our short positions remain open for the near term. Now expecting at least a 1% drop further towards $1708.
1800 looks more realistic now once bulls get control
Mccdaver
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There are significant global economic tail winds to support this forecast. I agree with the entry at 1720 following the recent breakout. Good luck to all :)