Gold: Most likely a pullback has started
Gold had a spectacular start into 2016.
But since 11th of February it got stuck in a consolidation between $1.200 and $1,280. Basically it did everything to drew in the last bull while not make any large progress in price.
Most likely outcome over the next couple of months is a pullback towards $1,180 and maybe even $1,140.
Don´t short it but patiently wait for the chance to buy the dip.
But since 11th of February it got stuck in a consolidation between $1.200 and $1,280. Basically it did everything to drew in the last bull while not make any large progress in price.
Most likely outcome over the next couple of months is a pullback towards $1,180 and maybe even $1,140.
Don´t short it but patiently wait for the chance to buy the dip.