GOLD is capitulating and a Primary wave C is probably underway down to $1500 area. The recent sell of has been fast and a bounce will probably come soon enough. I'm swing closing some of my position and if price gets back up to long term support turned resistance then I will re-enter a swing between 0.5 and 0.618 fibs. If not I dont mind at all taking profit, I will hold into further capitulation.
Some funny comments. It was just the same calling BTC and ETH top - a little milder here actually.
Some funny comments. It was just the same calling BTC and ETH top - a little milder here actually.
Note
1hr hammer completed into ABC 1:1 area. Very good chance will bounce from here. Trade closed: target reached
Position closed as clear reversal underway. Will look to re-enter down the road.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.