Firstly, the big picture (I have done one for Silver earlier and please see that also). Basically, I had expected that big consolidation over that past 2 years is actually a super big combination that has ended and so we are at the start of a new bull market in Gold (and silver).
Here I present to you an opportunity to long Gold. I don't know when the drop will go to but at this point at I am writing, Gold has just breached a small support (typical of wave 2 anyway). But I believe that it is time to consider longing. Just note that the stop should be below $1238.8. I placed the Fibonacci Levels here for you to choose an entry point. If you are more conservative, you can choose to long at the breakout price of $1260.
Here I present to you an opportunity to long Gold. I don't know when the drop will go to but at this point at I am writing, Gold has just breached a small support (typical of wave 2 anyway). But I believe that it is time to consider longing. Just note that the stop should be below $1238.8. I placed the Fibonacci Levels here for you to choose an entry point. If you are more conservative, you can choose to long at the breakout price of $1260.
