JOSE ANGEL ZABALEGUI LABARTA
Dear all, $GOLD after a upward extension, has reversed and our FLD sell signal has been triggered so stalling or down pressures are on. The question now is how down may it go or if it goes to a stall period as previous corrections show. It is time to take a look to the Quant projection and it is a good down for a long time. In previous corrections we show consolidation instead of corrections (horizontal arrows) and the Quant projected for Gold to be good above the equilibrium line (long horizontal yellow line) but this time (since some years) it is projecting prices to develop well bellow the equilibrium line during many months. This is a important clue for the future of gold. The end of the year may be bad for this asset. If a good opportunity arise for shorting I will go for it. Stay tune. Best José -------------------------- eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk
1 Mentioned
6 replies
1 reply
1 reply
null
.