after my previous post on Gold i look at Gold again and i come up with such a plan to trade it. its very obvious that i will be looking for buy in gold for a long time. my buying entry will be around 1540-1546. my first target will be around 1615, 17xx then 18xx. I dont know what will trigger that but possible a crash in stock market, Trump impeachment , trade war...
daily divergence, daily trendline resistance and great pattern formed.
At the middle of political turmoil and end of end year. i am expecting gold to drop hard to as low as 1300 as indicated in my technical analysis. I am done buying gold for the year 2019 and early part of 2020. if the move happens fast i will be looking for buys around 1300 and look for 4000pips or so. Because after hitting 1300 Gold might hit as high as 1675 zone.
the New year, 2020 i will sell hold gold around 1535 and hold till 1400, 1335 pips by risking small number of pips.
we will make over 2000 pips in Gold alone.
Gold has been in up trend since 2015.the question of when will Gold fall, well as a lot is going on in the financial market, politics and trade wars keeps escalating. gold will raise to 1490-1479 zone then it will aggressively.