What's up guys so I've closed my sell but I'm still looking at gold itself and I want to discuss this price action within this green circle here
This price action speaks to rejection - it suggests that gold is having more problems moving lower and maybe we should look into buys
But I think this in and of itself is a trick being played on us by the dealer - I've seen it before as well
Let me explain - There is a question we have to ask here. Why would the dealer simply stop and turn around the market to produce buys right at such a low point. We know that gold is bullish so buyers would really win overall
Do you think the dealer wants the buyers to win? I don't think so so what better way to get buyers to lose than to induce them to buy and continue to sell even lower?
By no means am I saying we should sell here as there is no confirmation of such but I am saying I feel like this is a trap to buy, makes me not trust it at all
Let us monitor
This price action speaks to rejection - it suggests that gold is having more problems moving lower and maybe we should look into buys
But I think this in and of itself is a trick being played on us by the dealer - I've seen it before as well
Let me explain - There is a question we have to ask here. Why would the dealer simply stop and turn around the market to produce buys right at such a low point. We know that gold is bullish so buyers would really win overall
Do you think the dealer wants the buyers to win? I don't think so so what better way to get buyers to lose than to induce them to buy and continue to sell even lower?
By no means am I saying we should sell here as there is no confirmation of such but I am saying I feel like this is a trap to buy, makes me not trust it at all
Let us monitor
