GOLD Since I got in around 15 May at $16-$17, it’s already up about 20%. The current setup looks even more complete on the right side compared to back then, which only strengthens my confidence in its upward momentum. Feeling more optimistic about its future gains with each passing month! :-)
ABX has confidently closed above the critical 26$ big figure level today. I am anticipating further upside expansion toward the 30$ price level with the next resistance price level at 28.20$. If the Fed cuts rates in Sept, this should buoy the gold miners higher. That being said, a rate cut is being priced in right now.
GOLD Since 2014, it's become quite clear that the crises once causing market tumbles have shifted from undue panic to a resurgence in confidence. Coupled with stagflation fuelling demand for explosive growth in mining cycles, the prospective 66% long-term profit, juxtaposed with a 16% stop-loss scenario, presents a rather enticing risk-reward ratio. When compared to other mining stocks, this choice emerges as my top pick for medium to long-term investment. It appears poised to attract a stream of followers in the coming period—a sterling investment in this economic cycle. However, assessing the investment risk remains crucial.
GOLDGOLDGC1! 💵 As I said around 4 hrs ago 💵 🍚 💰Munehisa Homma a successful rice trader of the 18th C. creator of what we now know as candlestick charting💰 🍚
Look at 3 charting facts.
Fact 1: The current 4HR candlestick is a Long Lower Shadow. Fact 2: Since March there have been 8 long lower shadow candlesticks on the 4hr Fact 3: 7 of them have been a green candle after
Munehisa Homma would have been Bullish for rice 🍚 🐂 💰 💵 💵 🐂
GOLDGC1!GLD 🚂 💵💰💵💰💵💰💵💰”A founder isn't blinded by the conventional wisdom of the present, they've recognised the patterns of the past and see the clues to the future, now” 🚂 💵💰💵💰💵💰💵💰 Henry Joseph-Grant 🐂
GBPUSD Feel free to call me mad but i'm in Short. We've taken liquidity from equal Highs on the 1H with only a wick followed by a bearish close candle, GOLD is falling, DXY is due a pullback, huge liquidity below it just screams its going to fall and that RR is worth the shot.