📝 Comment on Gold on August 11, 2020:
‼ ️ Candlesticks on Thursday and Friday of last week form a short-term reversal candlestick so yesterday our strategy was to wait to sell down at 2050 and succeeded with that strategy. As I mentioned that GOLD is making an adjustment trend that will be even lower than last Friday's "bottom" in 2015.
- So in my personal opinion, I will still wait to sell GOLD when the price returns to 2029-2035. This is also the closest resistance to push the price down on the day and the target will sell to around 2000.
- The nearest gold lower support is 2000 and beyond is 198x.
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