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Bearish overall on Gold since we hit the ATH - Going down
Since hitting the ATH in October, we have been going downward.
We will go back up and hit a new ATH but not until a major correction so the "big guys" will buy more gold at a cheaper price. No big investors or corporate bunnies are going to buy gold at this price. We definitely see short term BUY scalps for sure, but nothing worth shouting over.
I entered a long term short at 2661 and I will ride that down until we hit my trend line. I will then reassess.
Overall: Bearish
We will go back up and hit a new ATH but not until a major correction so the "big guys" will buy more gold at a cheaper price. No big investors or corporate bunnies are going to buy gold at this price. We definitely see short term BUY scalps for sure, but nothing worth shouting over.
I entered a long term short at 2661 and I will ride that down until we hit my trend line. I will then reassess.
Overall: Bearish
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