Long

Long to 1450 then short.

By Alejandro2017

Updated

yes

Note

Leverage 3 to 1 on this, risking under 1% of capital.

Note

Long with a stop at 1125, 1125 cannot be breached so this bullish option is alive. Its 70usd risk per ounce in a 3.5 to 1 roi. The structure *is* an impulsive wave C up in 5 waves, to at least 1450 but maybe more, count the 5 waves up for completion.
*The correction from the 1125 rise topped at 1228 with a small 32% retrace which seems way too small at 1182*- SO... If the retracement continues down and approaches 1160 in a 3 wave abc move, the risk goes to 35usd per ounce and an awesome 9 to 1 ROI. Lets cross fingers so this excellent opportunity is presented to us next week. If it does, board with additional positions.

Note

NOW in wave 3 of 3 of the series of five towards 1450
no doubt the USD tanking helped define the trend.

Be in on it. even if all you do is buy an ounce a day.

Wave 3 should end at 1350 with bottom of wave 4 at 1300 or so. so all you buy below 1300 likely wont be retraced until we reach 1450.

Note

support now is 1220. stick to it. buy more if down to 1230...

Alejandro2017

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