Waiting for the next stage of the bull market.
I think we are going to tag the 200 EMA in the following 2 months and the rally will start up again.
In the following 2 months it will be hard to make money in gold because price will jump up and down.
My advise to use RSI strategy - Tradingview has a very good RSI strategy in the indicators box- sell at overbought and buy at oversold. But in 2 weeks shorting gold should be stopped because it's getting more and more dangerous.
When the second stage of the bull starts at the end of April or May the shorts will be toasted..
Notice the difference between the last 3 bear market decline and the decline we are having now...
In the bear market the declines were a straight way down.
This decline is jumping up and down as big funds are positioning in gold for the next 3-4 years...
I think we are going to tag the 200 EMA in the following 2 months and the rally will start up again.
In the following 2 months it will be hard to make money in gold because price will jump up and down.
My advise to use RSI strategy - Tradingview has a very good RSI strategy in the indicators box- sell at overbought and buy at oversold. But in 2 weeks shorting gold should be stopped because it's getting more and more dangerous.
When the second stage of the bull starts at the end of April or May the shorts will be toasted..
Notice the difference between the last 3 bear market decline and the decline we are having now...
In the bear market the declines were a straight way down.
This decline is jumping up and down as big funds are positioning in gold for the next 3-4 years...
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.