JUST AN OBSERVATION OF WHAT A HEALTHY CORRECTION LOOKS LIKE AND WHAT WE SHOULD BE EXPECTING FROM GOLD SOON. THE RISING RANGE WILL BE OUR MONTH OF OCTOBER BUT SHOULD BE EVEN MORE BULLISH
I KNOW THE CURRENCY IS SHIT AND IN A DOWNTREND, I USUALLY KEEP TO RULES OF ONLY BUYING IN AN UPTREND AND SELLING IN A DOWNTREND BUT BUT CASH STATEMENT IS HAPPENING IN THE MORNING AND ITS A NICE TIME FOR A QUICK LITTLE BUY ON THE PAIR.
AFTER THAT SHORT AS YOU WISH
Gold is currently half way to its 30% pullback range which will then allow it to advance onto the next leg up successfully. We hit the major resistance line when we broke through 1481 confirming that the next leg is on primed to go.
1446 looks like the sweet spot. I'll be bearish until then and putting buys right under this level.
