Gold is now rallying sharply and above the mode of these 3 timeframes, already triggered a daily rally, will confirm a weekly uptrend on close this week, and can trigger a monthly uptrend next month. I'm holding physical and paper positions, and looking to add periodically when viable. This trade is meant as both a hedge for my equity positions, and also a take profit from cryptocurrencies after massive gains this year. Best of luck if following this idea and my previous gold long reccomendations.
Cheers,
Ivan Labrie.
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XAUUSD trend signals We will add on dips next week. Enjoy the weekend!
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Gold acts well, we can hold our position If we break the resistance and rally all week, we can see a big move.
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Transaction en cours
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Adding to physical positions, and futures. Also in miners (ARNGF, BVN, GDXJ)
Options Expiry coming up next end of next week. From what I can see Gold (haven't checked silver) will be held here until that is resolved.
IvanLabrie
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@mcbeanburger, how can it make every options trader lose? (or most) That would give us some extra insights into it.
Thanks for stopping by, cheers.
mcbeanburger
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@IvanLabrie, Hi Ivan - not taking the side of the Options Traders but the Options Writers. They are the ones to make the necessary moves to ensure they don't lose. One only has to look at where the bulk of the Options that have been written to get an idea where "da boys" will park it.
IvanLabrie
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@mcbeanburger, indeed ;) That's what I was aiming at. Writers have the odds on their side (and money).
Cheers.
sherrytradingview
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Hi master,
What do you think US dollar? It looks it is rebounding. Thanks!