GOLD A multiyear move?
Updated
So this is a rather simple look on why we might be in for a good bull-run, i'm open to critique as it's easy to bite into the FOMO
Wyckoff acumulation w. spring (Looks like it)
Strong multiyear trendline
Broke out of triangle
Broke out of channel
Weak usd
Overbought SPX500 (closing in on psychological 3000, which might cause selloff)
China-usd tradewar FUD
Commen what you think, your thoughts. What did i get wrong/right?
Wyckoff acumulation w. spring (Looks like it)
Strong multiyear trendline
Broke out of triangle
Broke out of channel
Weak usd
Overbought SPX500 (closing in on psychological 3000, which might cause selloff)
China-usd tradewar FUD
Commen what you think, your thoughts. What did i get wrong/right?
Trade closed: target reached
Sold physical gold at 1.882,53 ( a fair bit over the of 1715) It was time to take profits.
But definitely possible for us to go higher, perhaps even much higher. l
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