Gold: update (from here)
Pattern failed
I still maintain my bearish outlook on gold, timing pivots can be +/- 4 bars, therefore, I advise against buying this instrument... I also dont recommend shorting it just yet, no point picking tops... short on a lower high after the breakdown (late March/early April)
If you have been holding longs for a few weeks (like myself), its a good time to lock up profits and get out...
I will post updated charts soon
Pattern failed
I still maintain my bearish outlook on gold, timing pivots can be +/- 4 bars, therefore, I advise against buying this instrument... I also dont recommend shorting it just yet, no point picking tops... short on a lower high after the breakdown (late March/early April)
If you have been holding longs for a few weeks (like myself), its a good time to lock up profits and get out...
I will post updated charts soon
90% of people, are wrong about 90% of everything, 90% of the time...