LiamPHudson

LiamPHudson Updated 

Golds rise this year has been extraordinary, moving around 4000 pips since the start of the year, and most recently powering straight through the previous ATH. I remain bullish on gold for the long term, but this move should so some correction. I am currently short aiming for the 2900 level - this level although over 1000 pip move, represents less than a .382...

LiamPHudson Updated 

After this monster sell off I have been looking for a good entry on the smaller time frame for a bounce back up to the large consolidation area around the .618 retracement of the move down shown here on the weekly. I think I have got that on Wednesday with an open lower followed by a nice impulsive move up. The positioning is set for a reversal, with speculators...