I will try a long trade with a stop below today's low.
We are on day 9 in this daily cycle decline.
The hourly is showing signs of a bottoming process. Every breakdown of the previous
low is bought back without producing a waterfall decline.
Lot of gold guru is talking about a longer decline from here, but I don't see that happening.
I will post a daily idea after the close.
We are on day 9 in this daily cycle decline.
The hourly is showing signs of a bottoming process. Every breakdown of the previous
low is bought back without producing a waterfall decline.
Lot of gold guru is talking about a longer decline from here, but I don't see that happening.
I will post a daily idea after the close.
Trade closed: stop reached
Stopped out at 1843Note
Swing in gold. I’m long again.
Idea is coming soon.
Note
Swing in silver. Time to go long. The silver rally will be stronger than gold based on xauxag.
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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.