GOLD XAU Short
The craft of trading is like solving the greatest financial puzzles using mathematical equations and behavioural structures. F
Gold has been one of my favourite markets to trade due to its structure, and precious ability to act as a safe haven when everything looks gloomy.
I am not painting gloom as yet, but will definitely capitalise on the next drop. Don't miss it!!!!!
We have what looks to be a 3-3-5 regular flat forming on a daily time frame, and a subway 4 correctly completing. A break below this trend line and gold could give back 2017 gains touching its January 2017 open of $1,150, coincidentally this price also sits around clusters of major Fibonacci levels.
Preferred Yellow: At any point, price down rapidly fall from here. If the DXY (US Dollar Basket) recovers, this will support the drop. Watch the RSI to cross.
Teal Projection: Second scenario would be one more wave up to extreme level. then fall.
If GOLD can follow this structure and complete the arrows, I will be EXTREMELY BULLISH in 2019 on gold, gold stocks and gold ETFS as this could signal the recession.
Gold has been one of my favourite markets to trade due to its structure, and precious ability to act as a safe haven when everything looks gloomy.
I am not painting gloom as yet, but will definitely capitalise on the next drop. Don't miss it!!!!!
We have what looks to be a 3-3-5 regular flat forming on a daily time frame, and a subway 4 correctly completing. A break below this trend line and gold could give back 2017 gains touching its January 2017 open of $1,150, coincidentally this price also sits around clusters of major Fibonacci levels.
Preferred Yellow: At any point, price down rapidly fall from here. If the DXY (US Dollar Basket) recovers, this will support the drop. Watch the RSI to cross.
Teal Projection: Second scenario would be one more wave up to extreme level. then fall.
If GOLD can follow this structure and complete the arrows, I will be EXTREMELY BULLISH in 2019 on gold, gold stocks and gold ETFS as this could signal the recession.
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The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
Twitter: twitter.com/TradersMission
The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
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