Hi again,
I am just sharing my thoughts again. This is not an advice! I have 19 years of experience in economics and trading. I have had wins AND losses like every other person. I strongly recommend not to take much risk in this period of time with all the things going on in the world. I always buy small pieces.
At my last journey i said it has to break 1980....NOW i think Gold needs to break 1975 for a move further upside OR break 1932 for move towards 1920-1900 area. (seen from a bigger picture) I also took a bit more time to write text in my chart. I hope you like it as much i do.
Personally i like to believe Gold is going to move upwards because of it's status and because it is seen like a safe heaven. I don't expect this "heaven" to crash....at least i hope not further than 1920. It is also a good possibility that Gold will keep on moving small scalping moves in this consolidation area which i have drawn for 5 bars/25 days more....
I will continue holding my buys and have these targets: 1980, 2000, 2005, 2030, 2075. I will add small pieces of new buys when it is at the bottom of the range which i draw in my chart. IF i had to start all over again with gold i would buy everything around 1920-1930-1940 ideally. THIS IS NOT AN ADVICE just my thoughts for my own journey.
These are my thoughts. Any feedback or comments are welcome with respect off course ;-)
Good luck and safe trading everyone!
I am just sharing my thoughts again. This is not an advice! I have 19 years of experience in economics and trading. I have had wins AND losses like every other person. I strongly recommend not to take much risk in this period of time with all the things going on in the world. I always buy small pieces.
At my last journey i said it has to break 1980....NOW i think Gold needs to break 1975 for a move further upside OR break 1932 for move towards 1920-1900 area. (seen from a bigger picture) I also took a bit more time to write text in my chart. I hope you like it as much i do.
Personally i like to believe Gold is going to move upwards because of it's status and because it is seen like a safe heaven. I don't expect this "heaven" to crash....at least i hope not further than 1920. It is also a good possibility that Gold will keep on moving small scalping moves in this consolidation area which i have drawn for 5 bars/25 days more....
I will continue holding my buys and have these targets: 1980, 2000, 2005, 2030, 2075. I will add small pieces of new buys when it is at the bottom of the range which i draw in my chart. IF i had to start all over again with gold i would buy everything around 1920-1930-1940 ideally. THIS IS NOT AN ADVICE just my thoughts for my own journey.
These are my thoughts. Any feedback or comments are welcome with respect off course ;-)
Good luck and safe trading everyone!
Note
The whole market is downwards...gold holds around 1930...Note
Such a terrible day for gold today....big fall down. But also a good buy entry.
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.
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.