GOLD is setting up for the week! Switched to doing my breakdown on the micro contract since is what I actually trade and the forex chart is not moving in sync with it currently so I cant trust that price action. Expecting for a set up on a major play tonight some time between Asian session and London. Price is ultimately bearish so we not looking to get in until price moves outside of value to give us a entry.
Nofomo
$BTC Inauguration Day Possible $140k? No I doubt it as this indicator I use isn’t always right at all it’s always either very positive or very negative.
However this indicator remains plausible.
But the fact we have already gone from FWB:98K to $109k today in only 1 hour. We might expect to see a sharp decline to somewhere like $104-$106k but even then this will be a short intra-day drop before a regaining of the overall bullish trend and sentiment.
Do be cautious if you are on the Long and want to make profit soon keep eye on those entry or exit points of yours and don’t fall for any FOMO.
Also IMO this is the start. The start of a large growth period. Yes there will be downs and BIGGER DOWNS THAN EVER BEFORE. Because the value and volume is larger than ever. The 10% drops can be $11k instead of at 30k that’s $3k.
So remember that the larger loss ot seems from same % drops as before is just an illusion you still loose the same or gain the same amount of CRYPTOCAP:BTC coin.
Stay strong KEEP BUYING! Let’s make more supply shock!? It only benefits everyone who owns it!
Will GOLD Break the yearly High this week???We are still bullish on Gold and looking for more breakouts to happen. Price looks like it is currently establishing a Low for the week. We will look it do its think and look for it to show some signs of support before getting active. if we start making Lower Lows we will hold off and wait for breaks in structure. But overall I think there are some good moves to be caught this week cause we could be moving into full volatility.
LET THE BULLISH BREAKOUTS CONTINUE!!!!I tend to Thrive in a Trending market. And these are moves I have been waiting for. Looking like Gold will continue to push bullish and make new highs. Bears are trying to push price down but it is not working. Everything is balanced in the area it is in. So price and easily break out and continue with its trend.
New Year, New GOLD Plays! LETS GO!!!Being that this is the year after a US Election I am Bullish on Gold and looking for new highs to be made. We might just get a break out this week. it looks like price is setting up for something. Keeping a eyes on things as we slide into 2025 to remain in tune when things pick up in Feb!
GOLD consolidated all last week! Will we get a move this week?Waiting for price to break outside of value so that we can get a clear direction. Price did not much move waiting for NFP news for the week. And when the news finally happened it did nothing. So we will sit on our hands until price tells us what it would like to do. I am over all bullish and looking for bullish entries. But I also do not want to stick to firm to my bias so if it drops we will hold off and allow price to tell us what it wants to do.
GOLD should continue bullish as the Dollar takes a breakcaught a nice move yesterday and looking for the move to continue today. We are sitting in a high volume level on the VP and bears are starting to fall back from being active. waiting for the next 2hours of the Asian kill zone to show me what price wants to do.