ridethepig | Gold
Updated
📍 It is already well known that we 'should have exposure to Gold', the conduct of the flows happened very fast and appears to be quite over stretched in the immediate term. The disproportion I mention is not very well-handled in methods where investors seek to park in cash.
The great mobility of Gold is known no more, it's difficult to transport and illiquid in end game strategies. The pullback towards $1,800 and $1675 would make things a lot easier on the battlefront. This is achieved by liquidations in Equities.
We also have the following waterfall event in play for Silver, the alerts will remain in play as we approach the apex, and when we arrive it brings together all this energy and momentum, which needs to eat a hearty breakfast!
On the technical side, consult once more with $1,970 as strong resistance and assembled defence. The only decision we need to make as sellers or contrarians is required above. While to the downside - 1,803 and 1,673 are themselves interesting targets.
Thanks as usual for keeping the feedback coming 👍 or 👎
The great mobility of Gold is known no more, it's difficult to transport and illiquid in end game strategies. The pullback towards $1,800 and $1675 would make things a lot easier on the battlefront. This is achieved by liquidations in Equities.
We also have the following waterfall event in play for Silver, the alerts will remain in play as we approach the apex, and when we arrive it brings together all this energy and momentum, which needs to eat a hearty breakfast!
On the technical side, consult once more with $1,970 as strong resistance and assembled defence. The only decision we need to make as sellers or contrarians is required above. While to the downside - 1,803 and 1,673 are themselves interesting targets.
Thanks as usual for keeping the feedback coming 👍 or 👎
Note
A quick update here on the H4 chart ahead of Fed:
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