If gold makes it to 1765 this is the list of possibilities:
-> Reverses hard from there
-> Sideways then up
-> Sideways then down
-> Pullback then continues up
-> Continues up straight line
-> Fake breakout then crashes
If gold makes it to the top of the channel that would be $1850.
Each has their own opinion for my part I was convinced gold would bounce, but I don't see the ultimate bottom before a big bull market.
This is what happened the last time it visited ath
I would even go short on a triple top probably.
I am ready to exit when it starts to hesistate past "target". It probably won't just fall like a rock instantly, thta would be unfortunate, as usual it should just flatten a bit before dropping.
-> Reverses hard from there
-> Sideways then up
-> Sideways then down
-> Pullback then continues up
-> Continues up straight line
-> Fake breakout then crashes
If gold makes it to the top of the channel that would be $1850.
Each has their own opinion for my part I was convinced gold would bounce, but I don't see the ultimate bottom before a big bull market.
This is what happened the last time it visited ath
I would even go short on a triple top probably.
I am ready to exit when it starts to hesistate past "target". It probably won't just fall like a rock instantly, thta would be unfortunate, as usual it should just flatten a bit before dropping.
Order cancelled
Re-enter lower if double bottom
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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.