Andy1

I agree, I closed out my longs will look to re enter on a pull back before taking more of wongers money😂, that is if one's provided 

Price has 'zoomed' the red median line again - this is the third time it has made a strong push through the median line of my Andrews fork on the XAU/GBP chart. The wheels are coming off the wagon. i have a feeling price will hold above this time. Target is £1600 then. Could be middle of the summer if the trajectory is maintained - although i would prefer a bit more consolidation. In the current environment anything is possible.
But less of my rantings - Wonger he say go down hard. So a minus valuation on gold and silver seems to beckon. 

At least the Cat investing performance is actually debatable, unlike the Gold price direction from here, which is down! 😉

Personally I use technical analysis to gauge whether the market is trending or not and to buck the trend when it's making bullish market structure would be none other than foolish. Until the previous higher low gets taken out the bull trend is still in tact. 

Tricky one, I dont want to be left with it running away and me having to pay more. Bah, Ill flip a coin 😄

As a former OTC trader, I was wrong 42% of the time. 😜

I stick to high time frame fib retracements they haven't failed me yet. They're one of the best tools that can be used for spotting areas of value in a trending market.

Although I tend to stay away from the monthly chart it gives a nice top down perspective, Fibonacci extensions line up perfectly with your targets! 

My TA indicates that the spot price will head near $3,000 in the next few years

Yes Indeed, Bears are getting steamrolled this week, once we take out that previous higher high price will bolster. 

Personally I use technical analysis to gauge whether the market is trending or not and to buck the trend when it's making bullish market structure would be none other than foolish. Until the previous higher low gets taken out the bull trend is still in tact.