gold is holding very strongly with a massive healthy wedge forming possibly on top of a multi-year cup and handle - if my autism is calibrated correctly, we are looking at a minimum of $2700/oz for our favorite shiny boomer rock inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and...
For the moment, we are currently seeing an accumulation of buy orders daily, if you look left, we are moving in waves from Point A : 1850 (Strong Support) B: 1920 (Resistance) C: 1872 (Support) D: 1933 (Latest resistance) E: 1886 (Support) If we see it breaks 1886 or 1895 wait for a breakout for the real move in the right sense of direction. Buy falling...
I am 100% sure we will see this metal trading at around 2000$ by the end of this year, for now just keep adding longs if any retrace happens, until we reach 1650$ mark. A bit later I will post a more precise idea of how to trade it with lower TFs.
Hey guys i am a new trader and i am learning the market movements slowly and this is my view. CORRECT ME IF I AM WRONG!
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel. There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail. (see the chart)