No mater how bad the news around you, look at the gold, it's NOT going for new high!
stay away from it until it reach a 0.618 retracement area, about 1510
however, I expect it runs 3 months and end during Apr 2020. price level will be adjusted with the time frame.
Note
I was expect an correction of multi-month length of time, but the virus just make it happened in one single day! so, I'll close this idea now. the CORRECTION IS DONE!
I'll post a new idea of up trend with target this weekend(hopefully)
:)
Trade closed: target reached
as stated above, the correction is finished in a day.
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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.