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As the gold price lingered around 1101, a key fibo level, entered a BUY order with 0.2 lot size. Looking at the candle sizes in H4 and D1 and the chart patterns, it looks a bit difficult for the price to reverse. But wary the of the MAs in time frames lower than H4 locked in a BUY indication and the prices close to a low ZZ. There could be a double bottom reversal in D1 time frame tomorrow. As of now, closed the BUY order with $10 profit and decided to wait for today's candle to close. The implications of a free fall and the gold price going to 500, is not simply about the gold price on a chart, but the destruction it will create in the real world, not to mention the impact on stock markets and other investments.
