This is a long term investment strategy but off course we are not without a plan for the short-mid term.
I think that 1700s will the perfect buying spot as the 18 months moving average would coincide the 0.618 Fibonacci retracement it it plays out in the next 2-3 months. TVC:GOLD moved very quick and unsustainably decoupled from the 18 Monthly moving Average. The rally can continue only by multiple corrections to the 18 MMA . Long talk short, we are taking partial profits here and wait for the above scenario play out.
My Long term (years) price target is 3525 USD/ounce as is the price target of the gigantic cup & handle .
I am not a professional technical analyst. My analysis are not trade or investment advice.
We can never know what the market needs or wants. It does its thing, then we reevaluate.
I think that 1700s will the perfect buying spot as the 18 months moving average would coincide the 0.618 Fibonacci retracement it it plays out in the next 2-3 months. TVC:GOLD moved very quick and unsustainably decoupled from the 18 Monthly moving Average. The rally can continue only by multiple corrections to the 18 MMA . Long talk short, we are taking partial profits here and wait for the above scenario play out.
My Long term (years) price target is 3525 USD/ounce as is the price target of the gigantic cup & handle .
I am not a professional technical analyst. My analysis are not trade or investment advice.
We can never know what the market needs or wants. It does its thing, then we reevaluate.