Intermediate correction is now due.

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

Updated

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

XAU is heading to ATH, but this correction would fit my map for far too many reasons. If you're brave enough to short it now as well, do it cautiously. If you prefer to enter long position, I would consider area between 178X-180X.
As always, patience, good character and proper money management are required here as high volatility is likely to occur within next weeks. ☮️

Comment:

Tomorrow is a big day. I am in long position currently from 1949 till high 197X, then shorting hard.

Comment:

As planned. TG hit 197X. Shorts opened. ☕

Comment:

Gold, along many assets is now in distribution phase in my opinion. I am expecting price for an ounce of gold to fall sharply tomorrow.

Comment:

New low, possibly today or monday.

Comment:

I am not deceived by this dip buying foolishness. Holding shorts from 197X till @ least 182X-180X.

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