Non-public oscillators and AI selling/buying sequence recognition could not identify exhaustion.
We are still out with our strategy and waiting for entry of smartmoney. They usually start to enter when there is too much volume accumulation on one side. That means there is no further business on that side and switch (while retails usually join to the party that time and they can't make money or loose). We will recognize a little after they make the decision.
In my weekly reports I usually make a weekly plan. Above, as you can see my bearish scenario came into effect with few points of difference. Whoever is still in I suggest to save your money and liquidate @1060. Usually cloud fall-out means a trend-change lasts at least 10-15 days.
Gold: further correction is expectable, however, GOLD is bull in long term. We keep HUI in our trade. Maybe we loose a little, but we will not loose our core position. We will also try to add one more unit close to the bottom.
