Buckle up: I expect Gold to beat $2500 by the next week or two
Updated
Hello, a quick on here.
Gold continues its rally on strong China news and demand.
It did exactly what I expected in my last update : 2 50% retraces and now as you can see on H4 a trend.
I am already in big, otherwise I'd buy on a new touch of the trendline.
We are entering the part of the cycle where it gets so strong I am unsure we'll even touch that line again.
Gold is still not in the mainstream news, even traders are mostly ignoring it, I would say we are entering thrill/enthusiasm soon. Once the public steps in the arena that is when it gets stupid.
Once that happens the price could go very high, $5000 is not that far fetched. Especially with inflation and distrust in the US dollar.
Gold can absolutely reach 2500 in 1 or 2 weeks, it has had these rallies earlier this year
I aim for a price higher than this, regardless of how long it takes, hopefully not too long.
I am riding the short term waves, I believe there is money to be made there (and that's what I seem to be good at), I will take profit after a big rally (once it ends) but I'll leave some in longer term.
Gold continues its rally on strong China news and demand.
It did exactly what I expected in my last update : 2 50% retraces and now as you can see on H4 a trend.
I am already in big, otherwise I'd buy on a new touch of the trendline.
We are entering the part of the cycle where it gets so strong I am unsure we'll even touch that line again.
Gold is still not in the mainstream news, even traders are mostly ignoring it, I would say we are entering thrill/enthusiasm soon. Once the public steps in the arena that is when it gets stupid.
Once that happens the price could go very high, $5000 is not that far fetched. Especially with inflation and distrust in the US dollar.
Gold can absolutely reach 2500 in 1 or 2 weeks, it has had these rallies earlier this year
I aim for a price higher than this, regardless of how long it takes, hopefully not too long.
I am riding the short term waves, I believe there is money to be made there (and that's what I seem to be good at), I will take profit after a big rally (once it ends) but I'll leave some in longer term.
Trade active
I am pyramiding in super aggressively. Tired of the slow grind. I want to be feel too, very very feel (some will get the reference).I'm going for 15R here. If gold turns into a bubble, way more.
There are plenty of possible trendlines, I can't predict in advance if it will bounce and if so on which one it will bounce, going for that one. 15R means I only need 7% winrate, I absolutely estimate a (much) greater than 7% odd this works out.
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