Why they want to 'shake' you out of Gold-accumulation! See below
https://www.tradingview.com/x/scG4teyH/
Please see the Cup & Handle formations for Gold below on 4HR, Daily & even the mammoth on the Monthly chart.
Why they are trying to shake you out of your long positions in Precious-metals.
Stick to the higher time-frames guys & you won't lose sight of the bigger picture for Gold. See the high time-frames for XAU USD above and below.
I see better opportunity in Silver next week as it's not as overbought as Gold currently, plus Silver's sell-off from about a month ago was far deeper than Gold's due to Silvers bearish technicals on the charts.
Wishing you a safe and happy weekend and get your mind off trading, like I should be.
I will more than likely be back (Australia time) to trade Mondays New York session with you. But I commence much earlier in the Oceania Asian sessions. Yes I confess, I overtrade.
* Trading is risky. Please don't rely solely on my financial advice.
Please see the Cup & Handle formations for Gold below on 4HR, Daily & even the mammoth on the Monthly chart.
Why they are trying to shake you out of your long positions in Precious-metals.
Stick to the higher time-frames guys & you won't lose sight of the bigger picture for Gold. See the high time-frames for XAU USD above and below.
I see better opportunity in Silver next week as it's not as overbought as Gold currently, plus Silver's sell-off from about a month ago was far deeper than Gold's due to Silvers bearish technicals on the charts.
Wishing you a safe and happy weekend and get your mind off trading, like I should be.
I will more than likely be back (Australia time) to trade Mondays New York session with you. But I commence much earlier in the Oceania Asian sessions. Yes I confess, I overtrade.
* Trading is risky. Please don't rely solely on my financial advice.
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.