GOLD has plummeted more than 5% in one session after the critical support, that we have been highlighting for months now, at $1,530- $1,535, finally gave way under the pressure of heavy selling. Panic selling amid technical selling saw the price plunge quickly to record a range of $1,435 to $1,565.Gold is in a major crash and they are wiping everyone out. And I mean literally everyone.
Resistance is 1492-1495 &1507-1515
Support 1435-1465 & 1485-1486
We are currently Long June Gold having
entered at 1439 with our stop at 1429
The Trade Is Very Risky
There is always a chance. A lot is going to depend on how many margin calls
around the world will be issued into Monday.
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GOLD CURRENT TRADE
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Our Position
Entry: 1439
Stop : 1429
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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
