Hi! when we last discussed we analysed that gold gonna move a way too long and it did. Now it pulled back a bit and getting ready for another swing up, so we only look for Buy setups here. Watch for buy at the 0.68 fib line or if you can wait buy at break of that range (orange lines).
@HutsonBay, yes, you can take a sell at own risk if it close below that range, however it's highly risky to against trend. I personally would only look for a buy. If it has more legs down then lucky me:)
JiaBao
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@siddhu236, i also buy it forbearlist now, because i think it will go below 1280 in this month
siddhu236
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@JiaBao, May be if it breaks this range to down, but I see this as impulsive wave and has potential upto 1380, also I don't see any indication in daily to go down. Lets see :D we have to be prepared like anything in the market. We should not stick to one opinion in the market it will be a liability.