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Goldpreis

GOLD remains a BULL Market despite SELLERS desires"NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR" - @ekatatrading \ Brandon Abass This is a law that I have created for myself many years ago and it continues to serve me to this day - like I would have mentioned earlier today I missed my opportunity to buy but never the less the law holds true. Please Note - this is not me telling you to BUY here but I am saying Don't sell lol Selling at this point in time on gold in my opinion is extremely dangerous as it is a very very obvious level in which sellers would be interested - Now if you are ok with being like everyone else & getting results like everyone else...then YES, ABSOLUTELY SELL HERE NOW! But at some point we have to stop and take charge of our own decisions and realize that following what everyone else will do in certain scenarios is what is leading you astray. GOLD at the end of the day is a bull market and if you are selling - I'm sorry but I got some news for you buddy, you may win today but it will take back that money from you at some point very very soon unless you understand the absolute flow of things. NOW, this may seem like a pretty ignorant statement without me covering different trader styles, maybe you want to sell and not hold for very like in the sense of doing a scalp type trade..this could work if your timing is very good and you are aware that the sell will be very temporary and is extremely dangerous but I've seen some traders selling with take profits back at the 2000 level - if gold gets back down there well we definitely have a problem for buyers. All in all - let the momentum tell you what is likely to occur rather than guessing and calling it "an analysis". Godspeed to all sellers, may the odds be in your favor Downvote\don't boost if you didn't listen and or read this entire post and don't understand OR Upvote\boost if you did listen and or read this entire post and do understand
OANDA:XAUUSDLong
by Brandon_evo4
Gold -> Almost Breakout OutHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Gold is still overall in a quite bullish market despite the recent retracement since it is retesting support at the $1950 level. Gold also just retested the 50% fibonacci retracement level of the previous impulse and is now starting to consolidate at the current support zone so I am now just waiting for a bullish rejection and confirmation and then I do expect a rejection towards the upside. On the daily timeframe you can see that Gold is still trading in a quite nice triangle formation with the support level at the $1940 area, I am also on the daily timeframe waiting for a bullish breakout, then we will also have bullish moving averages and then it is very likely that we will see more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
OANDA:XAUUSDLong
by basictradingtv
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