Don't battle the Bear, ride the channel - Gold
Gold is clearly doing a channel down to get rid of the unhealthy belly it has accumulated during the past few years (especially during the lockdown). Do not expect a reversal soon. There are no indicators of a price reversal yet.
Instead of battling the Bear, ride the channel down. Buy when it touches lower bound and sell when the price bounces back. Do not hold long positions too long. Do not hold short positions too long either.
Ride the channel in short term, when gold indicates a clear reversal pattern start going long.
Gold loves retests, so avoid taking long positions because of FOMO. You will always get a second chance.
This is a note to myself. Published as an idea, not as advice to anybody.
Instead of battling the Bear, ride the channel down. Buy when it touches lower bound and sell when the price bounces back. Do not hold long positions too long. Do not hold short positions too long either.
Ride the channel in short term, when gold indicates a clear reversal pattern start going long.
Gold loves retests, so avoid taking long positions because of FOMO. You will always get a second chance.
This is a note to myself. Published as an idea, not as advice to anybody.
Nota
Gold shows signs of a short term bullish trend within the channel.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.