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RE: TIB: Today I Bought (and Sold) - An Investors Journal #257 - US Technology, US Pharma, Gold Miners, US Packaged Goods, US Financials, Interest Rates
I like the gold trade a lot and I expect a bounce as price hit my daily/weekly demand zone..at this point price has a chance to get to $1270.
I always get a little nervous when price passes the 0.768 Fibonacci retracement. I am hoping it pauses at this level BUT it does not really matter as I am exposed via options with 18 months to run. Trade size is modest and there will be scope to add more once 2021 expiries come along - September/October is not far away.
Options are a great way to play this trade because it's just a matter of time.