LastBattle

Gold is headed towards $999, not for long. $1420 in the books

LastBattle Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel.

There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail.


(see the chart)
Comment:

Entered LONG with tight stops. Doesn't look like big money wants to break this trendline to catch retail stop loss :(

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