Updated
Bottom/52week low
With gold starting to rally and tax loss season coming to an end in the next week or two we should establish a bottom and start a multi month rally. I'm loading up at these levels with a 3-3.50$ price target in the next year.
Trade closed: target reached
Looks like bottom has formed.. On track.Trade active
Sold at 1.6 for a trace back to 1.45-1.5 . Still taxloss pressure and likely some weakness in gold early next week. We will see..
Note
bought back 1/2 position at 1.5 hoping to see 1.4 to pick up second half.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.