Honestly, every single recalculation shows one damn bull in the background.
If pyramid works out and gold drops it will lead to heavy buying afterward.
We have possible monthly breakouts, now the 2nd one with bullish accumulation target
1277 and 1304.
If we get a drop, buy gold.
I would not be surprised to see an extended leg up now around or above previous high 1263ish before the drop. Common thing after a breakout.
Wishful thinking, though, but sequence I would like to see is down from here to 1225-1220 ( extended 1214 ) and back up.
If pyramid works out and gold drops it will lead to heavy buying afterward.
We have possible monthly breakouts, now the 2nd one with bullish accumulation target
1277 and 1304.
If we get a drop, buy gold.
I would not be surprised to see an extended leg up now around or above previous high 1263ish before the drop. Common thing after a breakout.
Wishful thinking, though, but sequence I would like to see is down from here to 1225-1220 ( extended 1214 ) and back up.
Comment:
I have not updated/stated that I closed my sells. I don't want to repeat the same things over again about how my trading setups and vision works. Pyramid Principle Idea is still active. Sad that there is no option to unplug some people from your follower list. Rather have 100 loyal followers than thousands of ...
Comment:
Gold has left so far 3 signs yesterday and 2 today so far upwards. Means if we get the drop to our targets 1225... we start to build longs down there.
Comment:
Intraday March 29 levels are very bullish is what I can say. If we get a drop in gold with such level displacement then no doubt it is adding up to bullish accumulation and will be one damn of a buy afterwards.
Comment:
Nothing much to update, very volatile and wild day. So crazy moves.. a lot of Brokers across the board couldn't even register these moves, gaps all over the place.
