This is March 23rd. there was a great setup for the reversal in gold which should have been expected.... and it looks like it's coming down to support where the market had gapped higher originally. when gold traded lower it took out a whole bunch of breakout buyers.... now we need the weight and see if new buyers will be entering the gold market. and this would have been a very easy short yesterday for the gold market and an easy continuation as the market traded lower today where we may find some buyers. silver is in a unique way more interesting than the gold because there's a chance that it could trade higher enough that that would trigger buyers to go long anticipating the possibility that the market could go to the all-time high of 50. coffee looks pretty good for a continuation higher there was a good trade location to go long on coffee yesterday. I think Tesla's probably a great Buy with a high potential to go substantially higher.... I would not be surprised if we learn someday that Elon Musk bought more shares of Tesla anticipating that the market is that a support and will go considerably higher in a market that would look weak to traders who don't understand opportunity. Elon was the victim of political manipulation with no real problems with his cars.... sales were down but the politicians with large amounts of capital put pressure on Tesla to lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.