The gold price hit its median fair value on the weekly chart recently.
That immediately made people start to call out long trades.
They are trying to kick the ball as it flew by them.
Sure, price bounced a little as it normally does when reaching such levels but that is no game changer.
It only offers the patient trader new sell entries.
The long term trend is still down and even tho price will have to fight its way lower there is no question
which side to be on imo. It just takes time to reach target.
For those of you who wants a faster sell trade then 1138, 1126 and 1118 are my next targets.
Sell after the break of the trend line, until then let price climb if it wants to
Be ready for a choppy ride down to target too.
Stay awesome
That immediately made people start to call out long trades.
They are trying to kick the ball as it flew by them.
Sure, price bounced a little as it normally does when reaching such levels but that is no game changer.
It only offers the patient trader new sell entries.
The long term trend is still down and even tho price will have to fight its way lower there is no question
which side to be on imo. It just takes time to reach target.
For those of you who wants a faster sell trade then 1138, 1126 and 1118 are my next targets.
Sell after the break of the trend line, until then let price climb if it wants to
Be ready for a choppy ride down to target too.
Stay awesome
