GOLD Reached it's Apex and is ready for a dumpIn my earlier posts I said that Gold has the potential to reach the U-MLH, which has become true.
Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small.
So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post).
Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
