Bear's target range:
I've been expecting gold to rally up out of the channel, and that could still happen, but bears should know where to target if still holding or expecting to enter. A drop from current 236 fib level would be a significant victory for bear in my opinion. The 236 is typically the decision maker in fib.
1433 is my hopeful target mainly because I'm still very bullish on the S&P but honestly as I posted on my last Gold idea, we could easily rally up to 272-618 extensions. Long the S&P.
1433 is my hopeful target mainly because I'm still very bullish on the S&P but honestly as I posted on my last Gold idea, we could easily rally up to 272-618 extensions. Long the S&P.
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.