Lots of recent instability due to Iran tensions. We had our peak in the 1600s, we've had our main retrace, wether bottom is 1555 is unknown yet, but will not deviate from than any more than 10-15 pips. But with risk management, long is available.
What do you think of the idea?
Gradual long term uptrend. Within the uptrend, we see three retraces and two breakouts. To make it an equal three retraces and three breakouts, there must be an overall rise in gold value to the 1560 level by Feb.
Just an idea?
What do you think of it?