Gold: Are You SHORT Yet? Looking To Get SHORT? PATIENCE!

18 בדצמ׳ 2017

If you were in on the trades I issued, you would be sitting on some MASSIVE profits already! BUT don't despair! Right now, Gold is setting up another MASSIVE opportunity but you must be PATIENT or risk taking some BIG drawdowns!

In the above 2 charts I am showing you here, you can see that Gold is at the moment making a retracement of the previous drop which we caught for BIG profits! It broke a long standing STRONG MAJOR uptrend line (blue line) during that drop and has yet to retest it. Much more often than not, a market will retest broken MAJOR resistance/support areas such as a trend line before continuing the trend again. This is the old "support becomes resistance and vice-versa" adage. And that is what Gold is doing right now, heading back up to retest that broken trend line. Now it may NOT get all the way there OR it may get there and even break back over it briefly. No one knows for sure. We can only be PATIENT and wait and see. Now ISN'T right to go LONG even though I fully expect it will still move higher. NO! According to my analysis, going SHORT is the only thing to do!

If it should drop, it should drop down enough to complete a POTENTIAL Cypher pattern (green) as you can see on the Daily chart on the right side. But if you REALLY want to make BIG profits on Gold, PM me or see my signature below.