Let's get back to the basics!
In this chart I have kept it simple. Old school style because I am old school. If you have the time please ponder on these fundamental and technical points.
1. Gold is overbought on higher time frames
2. Why is it overbought ? Clue (Sharks)
3. DT is edging ahead in the races and that is bad for gold and sharks know it
4. Middle eastern crisis is no bad or no worse than last week
5. DXY and US10Y is rising and XAU is rising in tandem? why ?
6. There are two plays here manipulation and FOMO
7. Manipulation drives FOMO. Sharks want to exit their longs and clear out the stops of the retail crowd and then crash boom bang. The sharks enter at lower prices
8. All the hype that you see on the media about US Debt and other countries cutting interest rates? What BS? do you buy it ?
9. Understand this simple fact. Gold costs you swap/interest or whatever you want to call it. Do you think the sharks don't understand this fact ( I am sure retail traders dont pay attention to such minor details)
10. Who makes the sharks richer?
I do not have a crystal ball but I can assure you that even if Fib levels or the MA levels dont work common sense will work.
I am selling and I am not asking you to sell. I will buy at 2580 and then layer it to 2530 in the coming week. Sorry I am more of a buffet guy.
Like or dislike is not my problem. This post is mostly for retail traders who have been taught BS by professional thieves!!
1. Gold is overbought on higher time frames
2. Why is it overbought ? Clue (Sharks)
3. DT is edging ahead in the races and that is bad for gold and sharks know it
4. Middle eastern crisis is no bad or no worse than last week
5. DXY and US10Y is rising and XAU is rising in tandem? why ?
6. There are two plays here manipulation and FOMO
7. Manipulation drives FOMO. Sharks want to exit their longs and clear out the stops of the retail crowd and then crash boom bang. The sharks enter at lower prices
8. All the hype that you see on the media about US Debt and other countries cutting interest rates? What BS? do you buy it ?
9. Understand this simple fact. Gold costs you swap/interest or whatever you want to call it. Do you think the sharks don't understand this fact ( I am sure retail traders dont pay attention to such minor details)
10. Who makes the sharks richer?
I do not have a crystal ball but I can assure you that even if Fib levels or the MA levels dont work common sense will work.
I am selling and I am not asking you to sell. I will buy at 2580 and then layer it to 2530 in the coming week. Sorry I am more of a buffet guy.
Like or dislike is not my problem. This post is mostly for retail traders who have been taught BS by professional thieves!!
Comentário
How to identify a possible reversal long or short
Comentário
Be patient. Trading is a 15 round match .. do you think the pundits out there from JP Morgan or Citi are calling for a $3000 gold price?
No they are fooling you? look at the statistics. whenever they make this call (sharks) fomo buying of selling starts. They manipulate you.
Stick to the basics. Fundamental analysis. What the F is this smart money concept anyways? its old wine in a new bottle to look fancy. buy zone sell zone fair value gaps etc etc .. pay for it . i dont care it is your money . My intention is to save your from fraud
Comentário
This is not a political post its a fundamental fact:
disclosure : I am not a US citizen and i have no love lost for the US presidential elections be whatever outcome may be
But I am a participant in the global dynamics of forex trading even if i am just a sub atomic molecule
always question yourself: If then why and what?
sometimes the answer is hazy but sometimes it is not
Trade when you are clear in your heads. read my subsequent post and judge for yourself if you find the answer. If not feel free to message me it is absolutely free!!
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