2x90 Golden Consolidation Breakouts
If price goes to 1207, I will load up with longs. By mid July, we should break out of the consolidation in the 1260 intersection with first target 1380.
Kommentera:
Kommentera:
We now left the upward sloping channel into the downward sloping and tested the mid-range. Let's test the bottom. We need to, since gold chat members are buying the dips still :)
Kommentera:
If this idea is correct, there is potential for a 40 usd drop on GDP numbers.
Kommentera:
Left upper channel and entered into lower. Interesting.
Kommentera:
Still some lower level expected.
Kommentera:
Just a slow slow moving S***.
Kommentera:
Planning to buy on NFP:
Kommentera:
Kommentera:
Got a bit of a FOMO, so started with 1st small position at 1214.
Kommentera:
Second position entered at 1209.X
Kommentera:
Initial target of 1207 is reached.
Kommentera:
And now.. bottom of channel reached. It did bounce nicely from there. Let's hope it holds.
Kommentera:
It's beautiful when bears gets crushed from time to time. Gold isn't the asset u can be coming late to the party. When things are most confirmed, it's the most dangerous.
Kommentera:
Nice weekly close, but below uptrend channel. I still have faith in the shiny will reach 1350
Kommentera:
And then we are back into the good ol' upchannel. How delightful!