Borsa MAX Borsa

My advice remains the same. I think gold completed a final ICL on Oct. 1st in the normal timing band at 22 weeks. The miners completed their ICL on Oct. 15, which isn’t unusual as these undercuts by miners have become common. And with the banks potentially about to trap themselves into another short squeeze now isn’t the time to get to jumpy with positions. If there is one thing I’ve learned about these trending markets, right when it looks like price is going to correct that’s usually when the next big surge occurs. Anyone that exits trying to dodge a pullback turns out to be the fuel to drive the market higher as they have to immediately chase when the market doesn’t give them the pullback they were expecting and instead starts to run away from them. Remember, during bull markets, and especially during strong trends the surprises come to the upside. It’s best not to try to anticipate pullbacks, they rarely occur when you think they will. It’s easy to get left behind in a trending market trying to dodge minor corrections. At this point gold probably has 20-30 days before the next DCL (based on the dollar probably just starting the declining phase of it’s daily cycle). I don’t think it would be wise to get left behind during a first daily cycle because you tried to dodge a 1 or 2 day correction in the middle of a cycle. What we want to see next week is RSI embed in the overbought condition. During the advancing phase of an intermediate cycle markets become overbought and stay overbought for long periods of time. This will be especially true in a trending phase.