Gold...What's Up?
I Calls Em As I Sees Em.
This is not a popular idea...Ask me how I know. Ha Ha
This is a MONTHLY chart. Take that into consideration.
I've been tracking/anticipating this trade for months. I believe I am at the point of taking this trade.
Risk is well defined.
As the chart illustrates I think we are now entering the acceleration down phase of the large C wave which will terminate around $1300-1400 area TBD.
I'm including a shorter term chart which show the junction of price with the channel line of the broken bull channel. This is occurring at the channel .786 Fib level.
If the price climbs back into the bull channel I will consider the trade busted. For now Risk-Reward is optimal.
This is not a popular idea...Ask me how I know. Ha Ha
This is a MONTHLY chart. Take that into consideration.
I've been tracking/anticipating this trade for months. I believe I am at the point of taking this trade.
Risk is well defined.
As the chart illustrates I think we are now entering the acceleration down phase of the large C wave which will terminate around $1300-1400 area TBD.
I'm including a shorter term chart which show the junction of price with the channel line of the broken bull channel. This is occurring at the channel .786 Fib level.
If the price climbs back into the bull channel I will consider the trade busted. For now Risk-Reward is optimal.
Note
Adding a fork to the monthly...Note
Note
I'm looking for one more rally with failure at the TL....
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.