Gold price correction still likely -then whoomp!

  1. 404 Posts.
    The medium to long term outlook for gold is now looking very good. CoT (commitment of traders) index shows a short term correction due, followed by a strong rally to surpasss recent highs. Basically, futures traders positions show change from BEAR to BULL market now established, but trend shows very short term correction has to occur before it takes off. Go gold ! - AFTER I've had the chance to add to my positions during the correction. An opinion(mine) only!
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.