GOLD
Gold is at a crossroads...
In the middle of the range, and at a level that has held support on many different occasions over the past few years...
The 0.618 Fib level of the Covid low-high move, around $1680.
I want to be bullish, I'm leaning bullish...
However, I'm not confident enough to make a call here.
Regardless of the direction, everyone should have physical metals in this insano world.
Back to the chart.... I could see either scenario playing out.
If the 0.618 Fib & trigger line of the orange fork holds support at $1680ish... I'll be patient and look to get long once the chart confirms.
If the 0.618 fib & trigger line of the orange fork does not hold at $1680ish.... I won't short it, but I would think it gets back down to the Covid low around $1450.
I'm looking to see which fork manages to hold price.
It's tricky, so manage your risk accordingly if you're getting short or long here.
I'll update the idea as it goes...
Let's see what happens...
Fat_Fat