GOLD - 3 Waves Back To $2234?

23 jul

GOLD

Ok, I've had a bit of a change of heart with GOLD.

In highest time frame I think very much that the trend is up.

But I think there may be a bit of a trap here.

Similar to Bitcoin, I don't like slightly higher highs because it can be Wyckoff Distribution.

And we've now had 2 in this area.

I'll go into more detail on this in the next video.

But I think that a larger 3 wave move may be on here down to the 1.618 extension Golden Window on the chart @ $2234.

So this bounce may go higher.

But I am reducing my position in this area.

And if i'm wrong I can buy other things.

But i'm only selling the dip buys I bought in this area while they are in profit.

The deeper buys I will HODL.

Not advise

24 jul

Nota

Dont forget to BOOST me up if you like this thanks.

25 jul

Nota

Continuing down.

I think at the very least this downtrend signals that Gold will frustrate buyers in this area.

And perhaps it will hit my target.

6 ago

Nota

GOLD

Looks quite ugly in the shorter term here.

These engulfing bearish slumps are a sign of weakness.

And the RSI is rolling over.

I think there is a reasonable chance my 1.618 target gets hit.