a good size rally after panic sell off in gold
Updated
panic sell off just as planned
now we should see a good size rally in coming days/weeks.
risk/reward suggest a short term rebound very likely..
now we should see a good size rally in coming days/weeks.
risk/reward suggest a short term rebound very likely..
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in a panic sell off, pplz usually forced to sell at the bottom..just like what we are witnessing today...
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reminder: the dead cat bounce should see 1820..but i am expecting one last leg down after the bounce
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but if gold can rally post 1850, then the probability of a last leg down will diminish..so best to keep a core position and then trade from level to level..
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