Golden wedge - Why XAUUSD is running a massive Bearish fake-out
Been trading spot gold intermittently for many years now - it has been a blessing and a curse at different times of my life
Right now I am watching the mayhem which results whenever we take a 5%+ slide, negative breakouts are some of my most profitable times for Gold, not because I short and capture the move perfectly, rather because I am an absolute Mystic Ninja and catching perfectly the long back up the levels
Have a look at my chart - as always this is not direct investment advice, instead it is my trades, my risk, my ideas (hopefully you like them)
Right now I am primed and ready to start buying up longs, rather than try to catch the knife I am simply on hold and waiting with notifications turned on
I may start taking small lots from here and then martingales as we inevitably drop a bit lower as the fake bear movement continues
1. Why is it a fake-out?
Simple, the market is in one of the most fearful phases and moods of all time - Brexit, immigration, Trump, China trade its all a mess
When investors are fearful they run to Gold - when this happens the large market movers drop the price and start panic sells which in turn trigger hugely profitable lower prices for a run back up the levels - its a sick game
For now, wishing you all happy hunting and the best of luck
As for me, I;ve got gold fever again, and the time is now for 100X yearly returns if I get in good and wait patiently
*Triggers handheld EMP machine and disappears in a wave of blue photon particles
XOXO Mystic Crypto
Right now I am watching the mayhem which results whenever we take a 5%+ slide, negative breakouts are some of my most profitable times for Gold, not because I short and capture the move perfectly, rather because I am an absolute Mystic Ninja and catching perfectly the long back up the levels
Have a look at my chart - as always this is not direct investment advice, instead it is my trades, my risk, my ideas (hopefully you like them)
Right now I am primed and ready to start buying up longs, rather than try to catch the knife I am simply on hold and waiting with notifications turned on
I may start taking small lots from here and then martingales as we inevitably drop a bit lower as the fake bear movement continues
1. Why is it a fake-out?
Simple, the market is in one of the most fearful phases and moods of all time - Brexit, immigration, Trump, China trade its all a mess
When investors are fearful they run to Gold - when this happens the large market movers drop the price and start panic sells which in turn trigger hugely profitable lower prices for a run back up the levels - its a sick game
For now, wishing you all happy hunting and the best of luck
As for me, I;ve got gold fever again, and the time is now for 100X yearly returns if I get in good and wait patiently
*Triggers handheld EMP machine and disappears in a wave of blue photon particles
XOXO Mystic Crypto
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