I correctly predicted Gold's move in my last analysis (See linked idea below). Now I believe we are approaching a major trendline where we can expect a bearish retracement to around 1793 before it continues bullish.
Here's the bottom line. I see Gold continuing its bullish momentum in the long term, however, we can also profit on the retracement in the short term. I intend to go short at around 1857 down to around 1793. At 1793, I intend to go long all the way up to 1902 - 1934 area (will update later for accurate price).
Be safe. Ride the wave. Make precise entries to minimize risk.
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hi need another opinion. should i cut lost all the sell positions? or wait? my equity not really good right now. i have sell position on 1820. for me its okay if there is a chance to correction around 1820. but is it possible next week?