Here we are with another beautiful update on Gold positioning, being that we have a democrat in office the next few years this can mean many things as far as investor psychology. So I am holding shorts from the 2069 level with 75% off the table and leaving the rest running towards my previous 1680 target. Now this is where things are getting interesting according to the Wave theory. Everyone is calling for gold upside but no one is following up with their analysis etc, and here is where we are at a critical juncture for the end of wave 4 but with my personal bias and how everything has been unfolding economically this is falling in line with the people currently in office here in the US. Now that being said i do have an alternate scenario where we head towards the 1900+- region before the next sell off below the 1700 price level. Just personal positioning as to how i am playing it out i do have invalidations etc. Thus my analysis being neutral since i am playing both sides but my main positioning is with a Long bias. Feel free to check out my analysis from the past 24 months and how everything has unfolded and it is only a fraction of the positions i personally took that i have in my files. Stick to 1 strategy and learn to find consistency and a sweet spot with it before you try to perfect.With patience you will reap the rewards. After all it is all about PROBABILITY. Max upside targets towards 2300 keeping it realistic for now. Longer term is another story. Cheers.
