GOLD: Totally Insane
Updated
Hi Guys,
as the two red cups are, IMHO, supportive patterns,I'd like to know who is supporting gold.
a) itself?
b) gold industry?
c) China, Russia, India?
d) dollar system haters?
e) fear of another Financial Crisis?
Why should gold resume the negative impulse provided by the Financial Crisis 10 years ago?
Soon the correction will be over and gold will exit its most recent bounderies made of abcde. Up or Down I don't know. It could continue to be squeezed across the SMA making pre-positioning very risky. I would be inclined to wait until the move unfolds before entering the market due to high probabilities of multiple shakeouts.
Please also have a look at this:
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
as the two red cups are, IMHO, supportive patterns,I'd like to know who is supporting gold.
a) itself?
b) gold industry?
c) China, Russia, India?
d) dollar system haters?
e) fear of another Financial Crisis?
Why should gold resume the negative impulse provided by the Financial Crisis 10 years ago?
Soon the correction will be over and gold will exit its most recent bounderies made of abcde. Up or Down I don't know. It could continue to be squeezed across the SMA making pre-positioning very risky. I would be inclined to wait until the move unfolds before entering the market due to high probabilities of multiple shakeouts.
Please also have a look at this:
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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