I'm busy.
Averaging down will work fine, always does, trying to pick the bottom's for suckers, you should have been reading here for the last few years, every few weeks there's a "bottom's in" post, all wrong of course.
My superannuation, a very large sum is in cash, so I've got it all spread around, don't lose any sleep over my financial state of affairs.
Here's a 2 year chart, as you can see gold is in a descending triangle, lower highs, it more than likely means a retest of 1180, descending triangles more often that not break out in the direction of the trend, downwards in this case. Technicians reckon it's not really a triple bottom because the time period is too long.
If I owned any gold I'd get depressed just looking at this chart.
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