Hi again,
I am just sharing my thoughts again. This is not an advice! I have 19 years of experience in economics and trading. I have had wins AND losses like every other person. I strongly recommend not to take much risk in this period of time with all the things going on in the world. I always buy small pieces.
At my last journey i said it has to break 1980....NOW i think Gold needs to break 1975 for a move further upside OR break 1932 for move towards 1920-1900 area. (seen from a bigger picture) I also took a bit more time to write text in my chart. I hope you like it as much i do.
Personally i like to believe Gold is going to move upwards because of it's status and because it is seen like a safe heaven. I don't expect this "heaven" to crash....at least i hope not further than 1920. It is also a good possibility that Gold will keep on moving small scalping moves in this consolidation area which i have drawn for 5 bars/25 days more....
I will continue holding my buys and have these targets: 1980, 2000, 2005, 2030, 2075. I will add small pieces of new buys when it is at the bottom of the range which i draw in my chart. IF i had to start all over again with gold i would buy everything around 1920-1930-1940 ideally. THIS IS NOT AN ADVICE just my thoughts for my own journey.
These are my thoughts. Any feedback or comments are welcome with respect off course ;-)
Good luck and safe trading everyone!
I am just sharing my thoughts again. This is not an advice! I have 19 years of experience in economics and trading. I have had wins AND losses like every other person. I strongly recommend not to take much risk in this period of time with all the things going on in the world. I always buy small pieces.
At my last journey i said it has to break 1980....NOW i think Gold needs to break 1975 for a move further upside OR break 1932 for move towards 1920-1900 area. (seen from a bigger picture) I also took a bit more time to write text in my chart. I hope you like it as much i do.
Personally i like to believe Gold is going to move upwards because of it's status and because it is seen like a safe heaven. I don't expect this "heaven" to crash....at least i hope not further than 1920. It is also a good possibility that Gold will keep on moving small scalping moves in this consolidation area which i have drawn for 5 bars/25 days more....
I will continue holding my buys and have these targets: 1980, 2000, 2005, 2030, 2075. I will add small pieces of new buys when it is at the bottom of the range which i draw in my chart. IF i had to start all over again with gold i would buy everything around 1920-1930-1940 ideally. THIS IS NOT AN ADVICE just my thoughts for my own journey.
These are my thoughts. Any feedback or comments are welcome with respect off course ;-)
Good luck and safe trading everyone!
Comment:
The whole market is downwards...gold holds around 1930...
Comment:
Such a terrible day for gold today....big fall down. But also a good buy entry.