Why they want to 'shake' you out of Gold-accumulation! See below
https://www.tradingview.com/x/scG4teyH/
Please see the Cup & Handle formations for Gold below on 4HR, Daily & even the mammoth on the Monthly chart.
Why they are trying to shake you out of your long positions in Precious-metals.
Stick to the higher time-frames guys & you won't lose sight of the bigger picture for Gold. See the high time-frames for XAU USD above and below.
I see better opportunity in Silver next week as it's not as overbought as Gold currently, plus Silver's sell-off from about a month ago was far deeper than Gold's due to Silvers bearish technicals on the charts.
Wishing you a safe and happy weekend and get your mind off trading, like I should be.
I will more than likely be back (Australia time) to trade Mondays New York session with you. But I commence much earlier in the Oceania Asian sessions. Yes I confess, I overtrade.
* Trading is risky. Please don't rely solely on my financial advice.
Please see the Cup & Handle formations for Gold below on 4HR, Daily & even the mammoth on the Monthly chart.
Why they are trying to shake you out of your long positions in Precious-metals.
Stick to the higher time-frames guys & you won't lose sight of the bigger picture for Gold. See the high time-frames for XAU USD above and below.
I see better opportunity in Silver next week as it's not as overbought as Gold currently, plus Silver's sell-off from about a month ago was far deeper than Gold's due to Silvers bearish technicals on the charts.
Wishing you a safe and happy weekend and get your mind off trading, like I should be.
I will more than likely be back (Australia time) to trade Mondays New York session with you. But I commence much earlier in the Oceania Asian sessions. Yes I confess, I overtrade.
* Trading is risky. Please don't rely solely on my financial advice.
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