GOLD SHORT TO $2,540 (1H UPDATE)
Gold has peaked at its Wave 3 low, which I can tell by the slow down in bearish momentum. This was my sign to go long in the short term & buy Wave 4, giving sellers a much needed break.
I have been holding a buy since yesterday, HEDGED against my main sell position from $2,738. Looking for some form of 3 Sub-Wave correction for major Wave 4. Potential target zone around $2,625 - $2,640.
I have been holding a buy since yesterday, HEDGED against my main sell position from $2,738. Looking for some form of 3 Sub-Wave correction for major Wave 4. Potential target zone around $2,625 - $2,640.
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