Gold
4.18.23 Gold: In this video I was trying to review the price action of gold and how you can have a fairly predictive way of knowing where the market might go and what that means to buyers and sellers. this is not necessarily Your signal that you must trade your strategy or be a stop and reverse trader....It's a way of knowing when the market is likely to change direction at least for a while. It's something you might do to be more objective about the price action so that you can have A sense of when the Market's going to work for you or against you if you have a trade Position. This shows you potential reversals, But I would not Necessarily make a trade decision on every reversal. However, Since you're going to be trading for the next 10 to 30 years..... it may be worth your time to go through the exercise of looking at this because it may be much more objective than arbitrary internal monologues...ie. your internal thoughts over greed and fear as opposed to with the chart is telling you.
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.