https://www.tradingview.com/x/LQlnB5oH/
I am not preempting anything because I think the banks are selling into this and the market-haters are trying to take out stops long so that the market continues to fall and more liquidity at lower levels.
However, value occurs at some point. I also like the bullish RSI divergence and the oversold nature of gold seems to be coming to an end perhaps.
The daily 200ema is down at 2440 so the trend is still bullish.
Price is going to need to break back above 2630 for a sustained push upwards and attract buying.
I am not preempting anything because I think the banks are selling into this and the market-haters are trying to take out stops long so that the market continues to fall and more liquidity at lower levels.
However, value occurs at some point. I also like the bullish RSI divergence and the oversold nature of gold seems to be coming to an end perhaps.
The daily 200ema is down at 2440 so the trend is still bullish.
Price is going to need to break back above 2630 for a sustained push upwards and attract buying.
Note
I am zoomed-in eyeballing the gold price, I always feel like they know its me. Mental illness I guess.I think this gold market is going back higher. My intraday timeframes are all screaming an oversold day.
Trade active
Look at this beautiful 5m chart in gold.I would be buying this and a mental stop or hard at 2625.
Note
grubby big bankers stealing everyones money as they Short the gold price. How they sleep at night??Note
I am logging out now. Day break in Oze. Another night with zero sleep. Later.
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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.