Howdy, fellow market daredevils!
Gold has been an absolute bull in a china shop lately—crushing anyone reckless enough to stand in its way. Sure, we all love to chant "trend is your friend," but let’s be real: at least 80% of us have tried to outsmart this rally, picked a "top," and gotten steamrolled. (Guilty as charged—multiple times. My short positions have more scars than a WWE wrestler.)
But here’s the thing—trading doesn’t have to be a circus act. Discipline + trendlines + waiting for the retest = fewer faceplants. My chart might look like a toddler’s crayon masterpiece, but I’m betting the bears will at least try to retest 2800—or, at a minimum, the trendline near 3080 before the bulls resume their rampage.
Key levels to watch:
Hold above 3444? Stay long, but maybe don’t YOLO in until the retest confirms. (FOMO is a cruel mistress.)
Monday play? Eyeing a short if we stay under 3375—or waiting for the 3440 reaction to pick a side. Arrows on my chart show the potential paths (aka my best guesses disguised as analysis).
And hey, no matter the short-term chaos, I’m still team "4K by New Year’s". Either gold hits $4000, or I’ll be hitting the copium.
Trade smart, stay nimble, and may your stops be tight! 🚀
Gold has been an absolute bull in a china shop lately—crushing anyone reckless enough to stand in its way. Sure, we all love to chant "trend is your friend," but let’s be real: at least 80% of us have tried to outsmart this rally, picked a "top," and gotten steamrolled. (Guilty as charged—multiple times. My short positions have more scars than a WWE wrestler.)
But here’s the thing—trading doesn’t have to be a circus act. Discipline + trendlines + waiting for the retest = fewer faceplants. My chart might look like a toddler’s crayon masterpiece, but I’m betting the bears will at least try to retest 2800—or, at a minimum, the trendline near 3080 before the bulls resume their rampage.
Key levels to watch:
Hold above 3444? Stay long, but maybe don’t YOLO in until the retest confirms. (FOMO is a cruel mistress.)
Monday play? Eyeing a short if we stay under 3375—or waiting for the 3440 reaction to pick a side. Arrows on my chart show the potential paths (aka my best guesses disguised as analysis).
And hey, no matter the short-term chaos, I’m still team "4K by New Year’s". Either gold hits $4000, or I’ll be hitting the copium.
Trade smart, stay nimble, and may your stops be tight! 🚀
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.