Bought Gold today around 1300 USD/oz with the following reasons:
1. Gold is in short term uprend and possible forming a base to complete a b c pattern to finish Major B (Bear Market Rally).
2. Gold is still 46% down from its 2011 top, and this Bear Market rally has just rallied 10% from the lows, if 38.2% retracement is to take place, we have around 10-20% more room to rally.
3. This is a short term play.
*Chart by T. Caldaro - for reference only
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