Heavy short. Long bitcoin. Good luck.
T1: $800
T2: $400
T3: $70
T1: $800
T2: $400
T3: $70
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Fundamental analysis: Gold's value = its use cases: jewelry, dentistry, store of value. As old folks retire, money is being transferred from the old to the young and the young are having more influence on markets. Gold is not the preferred store of value for the young. in fact, not many want to even touch it. Gold to fall, bitcoin to rise in the very near future.Note
Golds future value = its current use cases - the value of being the preferred store of valueNote
Sell targets:s3.amazonaws.com/tradingview/snapshots/7/79xeuFjL.png
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I want to emphasize that this is a long term point of view. It will take 5-10 years to developTrade active
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GOLD WARNING! crash is imminent on a 1 week interval. We will know the reason for such crash soonNote
Weekly GOLD = 4H/5H NFLX from 06/18-12/18. Gold is a significantly slower market.What took Netflix 6 months to complete, took Gold 3 years. If you lay the weekly GOLD chart from 2016 - current next to the 4H/5H NFLX 06/18 - 12/18, you will be happy and or unhappy to see Gold has peaked. Serious downside to come whenever the market decides to break. best fo luckNote
of*Note
The market is screaming at you, no one cares for gold.Note
If you do care for gold: from the bottom of my heart, I wish you the best of luck financiallyNote
GOLD: what a horrendous market oh my god. Contaminated with range + trend algos with no volume. These clueless algos are sitting ducks. They trade the range or the trend, they do not predict the end. Bring your cash + Elliot wave + statistics algos to work on Monday. You will run right over this market.
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RUN!Note
$1,339^ Run for the hillsNote
Someone just dumped $1B of gold in the futures marketNote
Start running! s3.amazonaws.com/tradingview/snapshots/n/nUBVvi4z.pngTrade active
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This will hurt. s3.amazonaws.com/tradingview/snapshots/k/kGpvJ282.png
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and yet another month goes bye and no one cares for gold.Note
by*Trade active
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GENERATION BITCOIN: 90% of Millennials prefer crypto to gold finance.yahoo.com/news/generation-bitcoin-90-millennials-prefer-153754375.htmlTrade active
We are in the "complacency" stage of market psychology."We just need to cool off for the next rally"
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t1: $914 - $994t2: $673 - $733
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Run.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.