When do we know when to take profits
Gold sold due to anxiety. Is it overbought. Vaccines already in final stages and covid fears not as great. Or do we see gold going to 5000
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For gold to trigger a sidestepping or shorting of the expected downturn of Primary wave  my main indicator is DXY where a more significant bullish Intermediate ( 3 ) wave than the recent blip is still expected to come about and thereby bring about the expected downturn.
Thereafter, the future Primary  bull for gold is expected to bring the conclusion of its assumed Super-Cycle and could also take a few years, but most likely DXY will need to finish this bear trend to make that happen. No doubt the Fed has got it all under control and there is nothing to worry about
Edited by Snippit, 05 August 2020 - 01:16 PM.