Waiting for the next stage of the bull market.
I think we are going to tag the 200 EMA in the following 2 months and the rally will start up again.
In the following 2 months it will be hard to make money in gold because price will jump up and down.
My advise to use RSI strategy - Tradingview has a very good RSI strategy in the indicators box- sell at overbought and buy at oversold. But in 2 weeks shorting gold should be stopped because it's getting more and more dangerous.
When the second stage of the bull starts at the end of April or May the shorts will be toasted..
Notice the difference between the last 3 bear market decline and the decline we are having now...
In the bear market the declines were a straight way down.
This decline is jumping up and down as big funds are positioning in gold for the next 3-4 years...
I think we are going to tag the 200 EMA in the following 2 months and the rally will start up again.
In the following 2 months it will be hard to make money in gold because price will jump up and down.
My advise to use RSI strategy - Tradingview has a very good RSI strategy in the indicators box- sell at overbought and buy at oversold. But in 2 weeks shorting gold should be stopped because it's getting more and more dangerous.
When the second stage of the bull starts at the end of April or May the shorts will be toasted..
Notice the difference between the last 3 bear market decline and the decline we are having now...
In the bear market the declines were a straight way down.
This decline is jumping up and down as big funds are positioning in gold for the next 3-4 years...
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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.