Gold: Trendoutlook

Updated

I cant trade based on price, only on time. 1541 and on a time pivot high seems like a good place to throw in a sell. Weekly trend is down, so is daily. However, I think larger forces may give gold a new high later around new years, but after new years eve it should be off the hill.

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Gotta hurt for the bulls :(

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1522 is an important level. I want to take some profit here to re-enter later on. A strong breakdown is what we look for.

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Re-entered short at 1546. Im looking for 1502 next

Trade closed manually

1546 short closed

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I mapped up a smaller cycle. It can surprise many tomorrow on nfp. Lets see.

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FOMC printed a new low (although not as low as I had in chart). But hey, I dont work with price, just time :)

Now, we're in an upcycle, but lets see how strong the trend is. I went long some junior miners.

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Time to start selling gold...

UnknownUnicorn540299

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