Long Gold Idea
Price lines are traffic-light styled:
Red - Monthly/Weekly TF Price point
Orange - Daily TF Price point
Green - Hourly TF Price point
Price lines are drawn to what I think is the best visual fit
I believe price lines to be points where the large institutions make their moves, and more volatile movement can be noticed at those points.
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Callouts are just comments notating historical events
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With the ongoing Ukraine-Russia Crisis, and the world seeming so uncertain and radically changing, I would imagine that the economy would want to be placing their money into safe haven currencies and commodities, such as gold.
I am seeking to Buy gold at 1965.00 levels, and will be seeking to hold it. If it falls below 1945.00 levels, I will accept a $20 loss, and will re-evaluate.
I believe it is an upward trend on gold, based upon the 'highs and lows' movement of price (marked with yellow brush) and will consider the trend to be broken when price breaks below 1878.00, which I believe is the current 'low' in the movement.
Random Notes:
Russia apparently has stockpiles of gold? I feel like I've read that somewhere. Please share if you know more about the gold stockpile, how does the sanctions affect the stockpile, or have guesses on how it could affect the movement of Gold as a whole.
For my recording purposes.
Please leave your comments and share your thoughts.
__________________________________________________________________________________________________________________________________
Fear causes impulsivity. Stability comes in waves.
__________________________________________________________________________________________________________________________________
Red - Monthly/Weekly TF Price point
Orange - Daily TF Price point
Green - Hourly TF Price point
Price lines are drawn to what I think is the best visual fit
I believe price lines to be points where the large institutions make their moves, and more volatile movement can be noticed at those points.
__________________________________________________________________________________________________________________________________
Callouts are just comments notating historical events
__________________________________________________________________________________________________________________________________
With the ongoing Ukraine-Russia Crisis, and the world seeming so uncertain and radically changing, I would imagine that the economy would want to be placing their money into safe haven currencies and commodities, such as gold.
I am seeking to Buy gold at 1965.00 levels, and will be seeking to hold it. If it falls below 1945.00 levels, I will accept a $20 loss, and will re-evaluate.
I believe it is an upward trend on gold, based upon the 'highs and lows' movement of price (marked with yellow brush) and will consider the trend to be broken when price breaks below 1878.00, which I believe is the current 'low' in the movement.
Random Notes:
Russia apparently has stockpiles of gold? I feel like I've read that somewhere. Please share if you know more about the gold stockpile, how does the sanctions affect the stockpile, or have guesses on how it could affect the movement of Gold as a whole.
For my recording purposes.
Please leave your comments and share your thoughts.
__________________________________________________________________________________________________________________________________
Fear causes impulsivity. Stability comes in waves.
__________________________________________________________________________________________________________________________________
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