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What if Gold is in a huge distribution?

I like huge charts. They can tell you when to pay attention. Dollar dying and gold rising? Maybe it's good to be not so sure yet.

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Wow I like playing with Gold chart. I have to work more on this.

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Some people compare it with Bitcoin but the chart is not like Bitcoin.

Bitcoin is losing momentum on the macro chart. It feels like Bitcoin needs a reset. A new cycle based on a huge macro bottom.

But Gold is different. Looks like Gold is in a cooldown mode after the CRAZY run between 2001-2011.

That makes you think one thing you know. Big crisis happens and people realize money should be scarce. So, maybe Gold is super bullish on the macro.

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This doesn't look too bad to me. Might be a healthy pullback.

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See how a rising wedge can correlate with a distribution range. That's the ideal scenario for a Wyckoff range. Not because I'm bearish on Gold right now. These are just plays. Pure fantasy at this point.

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How about this lol. Gold chart is fun.

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I'm considering to sell my gold soon. Fast move with strong narrative. I'm not a fan. I wouldn't short yet but...

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Sold today.

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What are the odds? Yes, I'm starting to feel bullish about gold macro.

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This is my bullish theory. Reaccumulation. I will buy over time if I gain more confidence in time.

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I like this possibility. I have growing faith that this HTF chop signifies a bullish consolidation.

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Ngl this might be it. I'm just waiting for a little more confidence.

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I've just put an insanely bullish possibilty here but I still have no exposure to Gold :D More confidence...

Trade active

I just opened a long position @1876. Not a long-term position. Just a degen try. Stop @1855.

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Interesting similarity with DXY fractal:

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I mean it's so eye-catching that it can be even used as a bait :D But we'll see.

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Lol came very close to my stop. I increased size here. Stop same.

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Wow ok. stopped out. bought some spot gold though. I'll continue to buy over a long period. This is serious weakness. But.. I can't see reasons.

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Seriously, buy gold.

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I believe ~1830 is important. If we lose that there is a very good chance we see range bottom. Long accumulation phase will be needed in that case. I don't wanna see that to be honest. But bullish until we lose that too.

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Let's do this. There is not much TA in this. I just hope this will be the case.

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I mean there is TA about 1830 but not about V recovery. It's hit just now. So we will have to see.

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Bought a lot of gold ~1830. I can consider sell some of it in case of good bounce.

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Looks like I was wrong as hell :D I mean ok it's gonna be a big thing.

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Honestly after that equal high, after studying the macro gold chart for some time, after this manipulative move, nothing can make me sell my gold. I'll just buy more in time.

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Ok finally something sane.

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My best guess is that gold needs a sideways period of maybe a few months. I don't believe this is just a correction to the dump. Yet.

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I believe this idea still makes sense.

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I think this is where it can struggle to break. It came even faster than I thought. For support, it'd be nice to hold 1900. But I'm OK with another test of 1800. With a little bit of panic under it.

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I believe this is the optimistic scenario and it makes sense.

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Gold has every right to go up only. So I won't be begging for a pullback. Already bought a fair amount. If it goes up only I'll buy higher.

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It would be great to see gold become completely de-correlated with DXY. That is my expectation.

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Pullback looks real. I buy some around 1900 and 1870. If it comes.

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Commodities probably turned bearish this week. Possibly a recession thing. But gold is not your average commodity. I believe in diverging gold.

UnknownUnicorn17387766

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UnknownUnicorn17387766