GOLD is in bad shape and this is not over yet. Lower levels will come.
However, on a short term basis I expect a reaction which can give some profits.
The metal is deeply oversold and overall sentiment is negative (which is good for our case).
Therefore above $1215 I see interest for a speculative Long position with strict stops.
However, on a short term basis I expect a reaction which can give some profits.
The metal is deeply oversold and overall sentiment is negative (which is good for our case).
Therefore above $1215 I see interest for a speculative Long position with strict stops.