Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
The main difference is the time horizon. An hour, 2-3 days or 2-3 weeks. It could jolly well go down and then head northwards towards 1400. Then, your speculation is both correct.
We're not here to proof we're smart but anyone who can think out of the box with a contribution is worthwhile sharing.
Let's listen to the fundamentals, look at the technicals, define your if-then-else strategy and be patient till the market opens. There's always a market waiting for us! Good luck.
Here we go again!!!