CFDs on Gold (US$ / OZ)Updated Only Getting Started!
Another great week for gold bulls, a shooting star candle to finish Friday, likely pullback next week and a small correction before resuming the upside thrust.
To attempt to put into context of what is occurring, we have to look at the bigger picture.
The current wave up has some way to go, this minor wave 2 correction coming will be followed by a powerful rally towards $3000 U.S, would not be surprised by exceeding this number and beyond.
For gold to then consolidate, it would likely then coincide with stock market volatility approaching...we have stood aside on the Dow until it becomes clearer.
Gold and silver bulls have an extremely shiny future ahead, this bull run is only just getting started, the manic phase is still far off!
Silver will probably outperform gold in percentage terms in the coming few years, a rigged market that will come undone at the seams.
The paper markets and actual PM physical supply is like chalk and cheese, paper contracts many times the in your hands availability supply...once the panic hits, the exposure of the naked swimmers will be seen.
The correction coming is another superb entry signal to enter again or add to existing positions.
Appreciate a thumbs up, good trading and God bless you all!
To attempt to put into context of what is occurring, we have to look at the bigger picture.
The current wave up has some way to go, this minor wave 2 correction coming will be followed by a powerful rally towards $3000 U.S, would not be surprised by exceeding this number and beyond.
For gold to then consolidate, it would likely then coincide with stock market volatility approaching...we have stood aside on the Dow until it becomes clearer.
Gold and silver bulls have an extremely shiny future ahead, this bull run is only just getting started, the manic phase is still far off!
Silver will probably outperform gold in percentage terms in the coming few years, a rigged market that will come undone at the seams.
The paper markets and actual PM physical supply is like chalk and cheese, paper contracts many times the in your hands availability supply...once the panic hits, the exposure of the naked swimmers will be seen.
The correction coming is another superb entry signal to enter again or add to existing positions.
Appreciate a thumbs up, good trading and God bless you all!
Trade active
Futures today popped higher and receded.
Overbought conditions, expect a pullback to around 2850ish.
Then, dive in with both hands.
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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.