Gold Spot / U.S. Dollar
Long
Updated

GOLD - Buying with Draghi

11 281
The ECB press conference starting in 15 minutes.
I'm still convinced Draghi will try to weaken the Euro.
SO at his speech I will try to add to my gold positions , DXY shorts and EurUsd longs.
It could be a good possibility for those who left at the station to buysome gold or Euro during the volatile session of Draghi's speech.
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1343 and 1337 are the 2 levels I'M BUYING
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Spike is coming at the end of the speech.
As usual. Draghi is not changing.
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The dollar seems to breaking the trendline.
Dont wait for gold to tag 1337
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Have to pick the position or you will be left at the station
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ECB is intervening.
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Trying to save the dollar from the breakdown.
They should have done it at the 200 SMA. They are too late.
EVen if Draghi imports chinese Euro printing machines the dollar will break down.
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I don't see anything wrong in gold right now.
We are on day 5. Very early in the daily cycle.
Powerful first 4 days. And now we are in the flag.
Just a guess but I think we will break out of the flag tonight or Sunday night (GMT)
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100 EMA tag.
Time to turn up.
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So I finished buying gold:
1337$ and 1443$.
I'm in full position again.
We just have to wait for the dollar to break down.
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It's going to be a 100$ move to th upside so all the indicators and chart patterns what the bears are using not going to work. Smartmoney will not let retail to be in a move like this.
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We are under the strong dollar's pressure again
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Market is completely messed up. Gold, oil, stocks falling together.
And now the dollar also.
We need a cleaner picture. And bears pls don't start to post that you knew this. You are just gambling: Red or black.
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This is the new world of printing presses.
Everything will be worthless in this inflation except precious metals.
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And here is our descending wedge before breaking to the upside.
It's suffering at every lower low.
Divergencies everywhere.
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