Disliked{quote} if already price in then it only short squeeze for gold..but if taper happen long term still down....only if taper happen...huhuIgnored
I am holding a small short since yesterday, will likely close it out at the NYSE open
Lets see how things shape up tonight
I agree that we are technically bearish on Daily and Weekly
On the monthly, we can still drop down to ~$900 (78.6 fib) and remain in a bull market (technically)
This chart is from last week, it illustrates the point
There are some EW guys that expect gold to be at $200... I am not sure I agree with this view
Gold
Monthly
90% of people, are wrong about 90% of everything, 90% of the time...