Gold is going lower
The gold bugs are bullish right now, getting very excited about the ATH in price even if it is a spike.
But don’t get excited just because one owns physical gold and wish that price can go to 3k. I am bearish gold and silver since mid-2023 because it is rational that no one should buy a triple top. Now we are at this area again. A retest? Highly possible.
See comment for LTF chart.
But don’t get excited just because one owns physical gold and wish that price can go to 3k. I am bearish gold and silver since mid-2023 because it is rational that no one should buy a triple top. Now we are at this area again. A retest? Highly possible.
See comment for LTF chart.
Nota
Due to emotional moves at trend reversals, Wave 2’s are sometimes so fast that it is not visible unless you zoom in to a LTF chart, so this entire move from the top is commonly labelled as a corrective move a-b-c..The clue that it is not comes from the irregular correction from wave 3 to 4. Irregular corrections is the norm nowadays and traders (including me) gets tricked into counting the 5-wave move up as a new impulse instead of a Wave c of 4.
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.