Anyone jumping in long on gold?
I'm long @ 50fib ($1287.25) retrace on W1 and will take another buy @ 61.8 and 78.6 1st targeting $1392 with SL below low ($1182.43)
I suspect could get a bounce from here as H4 in oversold then another leg down giving bullish divergence on D1 which is when I will really start to load up
this is a W1 trade for me so could take some time to play out
Sive given some nice analysis on gold which I agree with as well(Sive explains it much better than I care too)
This has been educational for beginners like me... thanks
OK here's my update for gold which in my view has played out as I expected this far, O and I did say this could take some time to play out as it's a W1 trade
Got the bounce off H4(got some nice pips off that) and now the leg down on D1 giving bullish divergence
I hold 3 entry's $1285.99(50fib) $1262.50(61.8fib) and I took another one 2 days ago @ $144.86 and still have limit buy @ 78.6fib
Now time for me to kick back and see how this plays out over the next couple of months
O long on silver too
Edit: Sorry error, the buy 2days ago is $1244.86 and not $144.86