Finally, with gold, like I said over the weekend I am still 100% bullish biased for the medium - long term aiming for 2070 and beyond.
I see two scenarios that could take place today or over course of the next few days, we either will start heading back up today and the low created today will not be touched for possibly weeks orr we will see today be a day of collecting liquidity and watch the beginning of the transfer of weak hands to strong hands being made with multiple sweeps of previous recent even daily lows before then seeing that new major/swing higher low be made in which I will look to enter off of tomorrow or the last two days of the week swinging this to 2070 and beyond. (the second scenario mentioned is what I see more likely to take place)
But like with everything else I shared today this pair is still a waiting game like the rest, there is 0 entry opportunities at this current point in time and I need to see one of these two scenarios play out before I scale it down and look to load up my positions.
That said, I'll update you all later.
I see two scenarios that could take place today or over course of the next few days, we either will start heading back up today and the low created today will not be touched for possibly weeks orr we will see today be a day of collecting liquidity and watch the beginning of the transfer of weak hands to strong hands being made with multiple sweeps of previous recent even daily lows before then seeing that new major/swing higher low be made in which I will look to enter off of tomorrow or the last two days of the week swinging this to 2070 and beyond. (the second scenario mentioned is what I see more likely to take place)
But like with everything else I shared today this pair is still a waiting game like the rest, there is 0 entry opportunities at this current point in time and I need to see one of these two scenarios play out before I scale it down and look to load up my positions.
That said, I'll update you all later.
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.