🐻 Get down on it, get down on it!

2020년 8월 25일

Kool & the Gang is getting down and so is Gold!

Gold is cloesly trading at its previous low. For now we still expect a final push in the $1980s region, where a sharp change in trend should happen. The turnaround zone is indicated by the yellow box. In case the bears are highly motivated and manage to break below $1916, the downward move could accelerate. Next stop would be the $1810 region, so shorts under $1916 might be a good idea.

What are your thoughts on our scenario?
Happy to discuss!

2020년 8월 28일

노트

Prices above $1987 are not welcome! We still need to break the support at $1916 to continue the journey. In case the bears won't make it and price is pushed back up above $1987, chances of our alternative scenario increase.