🏆 GOLD – 6th week of the base cycle (15–20+ weeks), nearing the end of phase 1. Market turbulence usually weighs on gold, so the sharp correction on Thursday–Friday, which wasn’t supported by any extreme or pivot forecast, didn’t come as a surprise. That’s what stop-losses are for.
⚠️ The working range of the long position from the March 3 extreme forecast to the March 19 pivot forecast in GC futures exceeded USD12K per contract. The working range from the March 24 extreme forecast to the stop was USD6K per contract. Congrats to those who entered. Special thanks to Mercury retrograde, as the March 24 extreme forecast was its midpoint. The next extreme forecast is on April 7. The next pivot forecast is on April 14.
⚠️ The working range of the long position from the March 3 extreme forecast to the March 19 pivot forecast in GC futures exceeded USD12K per contract. The working range from the March 24 extreme forecast to the stop was USD6K per contract. Congrats to those who entered. Special thanks to Mercury retrograde, as the March 24 extreme forecast was its midpoint. The next extreme forecast is on April 7. The next pivot forecast is on April 14.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.