Captain_Walker

GOLD: Flap of a butterfly's wings could trigger a bullish storm.

Lång
FX_IDC:XAUUSD   Guld / USA-dollar
In this two-pane chart, I show an anomaly in Gold price i.e. it is disconnecting more visibly in the last few days. Yes, this sometimes happens for no obvious reason. But in the context of a major push south on stockmarkets in the last 48 hours, it could be significant.

The other problem is that the US Dollar is heading into a level of cross-header resistance in possibly the start of a head and shoulders pattern. It's possible that US Dollar may head south, which could enhance already bullish moves that are disconnecting.

I can't know exactly what's what. So, I've taken a controlled affordable loss (alias stop-loss) - that's all I can control.

This post is speculative. Your losses are your own if you trade a live account.

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.