Hello traders. Just an updated idea, as I watch what gold is doing today. Gold has broken below one of the support zones I was looking at for possible buys, which is posted on my last chart. Saying that, it looks like gold is trying to fill the wick on the weekly. I have marked on the chart another area where I would be looking for possible buys. Let me just say that the dollar is overinflated and despite the US economy being in the toilet, gold is not to the moon. The reason is that big banks and government control the price. All I am trying to do is ride their wave, catch a few crumbs while the big boys feast. But those crumbs add up, and for that I give all my thanks to Big G, my mentor. It is Monday, so I am in no hurry to trade. Rather i will wait for the best setup. Be well, trade the trend and thank you for checking out my idea / analysis.
Pip Whisperer
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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.
Pip Whisperer
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.