This is my opinion and long term outlook for gold. NOT FINANCIAL ADVICE
Chart explains everything as to why I'm bearish. I have had this outlook since 1900 lost support. As it sits gold is in a bullish trend expecting price to rise to 1850-1860 zone before continuing the bearish trend down to my final target.
The long term trend line since gold was listed for trading has been tagged 5 times, 5th tag was the start of thee bull run- Feeling like that trend could give way to try recoup some of the gains from the large bull run. If that happens I think we will hit free fall - My opinion and position at current may change and should not be used as finiancial advice. DYOR
I'm currently short! What's your Targets and positions?
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