Chinese Gold short!!!Well, we made 5 waves up, now looking to short it to the top of wave 1. Goog luck!!
XAUCNY
FX_IDC:XAUCNY OANDA:XAUUSD
Why CNY?
- Because chinese and its yuan still dominate world trading in the next few years, in the end it will make yuan position getting stronger than dollar, and it more relevant to pair it with $GOLD
- USA try to counter by pushing USOIL and geopolitic issues to m
goldThe pattern of head and shoulders descending in the gold chart to the Chinese yuan (Waiting for the neckline to break)
ridethepig | Gold in CNY📌 The lows in Gold are an elegant threat for another leg higher towards the highs; name wave 5 which is the one that we have been tracking since the previous diagram:
I love it when an idea comes together. We arrived at the destination for our retrace and have started to form a base. Sellers ar
ridethepig | Gold in CNY📌 The struggle to claim 14,631 is notable. When studying the waves I came across similar a similar state of affairs in the earlier flows. The impulsive rally derives from its strong nature, not from itself but from much more the strategic concept of portfolio defence. A defensive move which is clear
ridethepig | Sticking With Gold in CNY Here we can focus on the realms of reflationary risks that are around the corner, the struggle to shake out bulls is identical to the struggle we saw in 2016 which is reassuring, and for that reason our problem is reduced to a timing issue.
For those tracking the previous diagrams in Gold it is ob
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Displays a symbol's price movements over previous years to identify recurring trends.