GOLD, 8th week of the cycle, the trend is your friend

→ Gold has broken through a large Fibonacci trend target and continues to move up the trend, and the trend is your friend. Mercury retrograde can make serious adjustments to the sequence of this movement.

→ At the Fibonacci target, I closed the second part of my gold position. I am afraid that the feet may not work well during Mercury retrograde. Perhaps I will regret that I did not hold until the 20th of April, but the profit on this deal in any case exceeded all expectations.

→ The next forecast extreme for gold falls on the 20th of April. This will be the 11th week of the cycle, that is, more than half of the cycle, where the top of the cycle and the beginning of a correction are possible.



Comments

Popular posts from this blog

🗂 INDEX - REVERSALS & TRENDS

📈 S&P 500 - RESULTS 2024 AND FORECASTS 2025

📈 EXTREMES & PIVOTS