Golden wedge - Why XAUUSD is running a massive Bearish fake-out
Been trading spot gold intermittently for many years now - it has been a blessing and a curse at different times of my life
Right now I am watching the mayhem which results whenever we take a 5%+ slide, negative breakouts are some of my most profitable times for Gold, not because I short and capture the move perfectly, rather because I am an absolute Mystic Ninja and catching perfectly the long back up the levels
Have a look at my chart - as always this is not direct investment advice, instead it is my trades, my risk, my ideas (hopefully you like them)
Right now I am primed and ready to start buying up longs, rather than try to catch the knife I am simply on hold and waiting with notifications turned on
I may start taking small lots from here and then martingales as we inevitably drop a bit lower as the fake bear movement continues
1. Why is it a fake-out?
Simple, the market is in one of the most fearful phases and moods of all time - Brexit, immigration, Trump, China trade its all a mess
When investors are fearful they run to Gold - when this happens the large market movers drop the price and start panic sells which in turn trigger hugely profitable lower prices for a run back up the levels - its a sick game
For now, wishing you all happy hunting and the best of luck
As for me, I;ve got gold fever again, and the time is now for 100X yearly returns if I get in good and wait patiently
*Triggers handheld EMP machine and disappears in a wave of blue photon particles
XOXO Mystic Crypto
Right now I am watching the mayhem which results whenever we take a 5%+ slide, negative breakouts are some of my most profitable times for Gold, not because I short and capture the move perfectly, rather because I am an absolute Mystic Ninja and catching perfectly the long back up the levels
Have a look at my chart - as always this is not direct investment advice, instead it is my trades, my risk, my ideas (hopefully you like them)
Right now I am primed and ready to start buying up longs, rather than try to catch the knife I am simply on hold and waiting with notifications turned on
I may start taking small lots from here and then martingales as we inevitably drop a bit lower as the fake bear movement continues
1. Why is it a fake-out?
Simple, the market is in one of the most fearful phases and moods of all time - Brexit, immigration, Trump, China trade its all a mess
When investors are fearful they run to Gold - when this happens the large market movers drop the price and start panic sells which in turn trigger hugely profitable lower prices for a run back up the levels - its a sick game
For now, wishing you all happy hunting and the best of luck
As for me, I;ve got gold fever again, and the time is now for 100X yearly returns if I get in good and wait patiently
*Triggers handheld EMP machine and disappears in a wave of blue photon particles
XOXO Mystic Crypto
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.