vlad.adrian
Short

Gold - Trend changing signals failing

COMEX:GC1!   GOLD FUTURES
911 2 9
I explained my view on Gold             on the chart. At this point, I believe that the only way to trade gold             is from the short side. Bullish signals that fail to attract buying are the most bearish signals you can get, and vice-versa. However, people tend to trade a bullish/bearish divergence after it has failed or materialized, hence the misconception that most divergences are fake. No, they are not fake, you just aren't good at trading them, or at trading in general.

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motleifaul
2 years ago
I agree with you completely. I look at the daily chart and there I see the picture of a trend change as well.
Gold behaves very erratic the last days.
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motleifaul motleifaul
2 years ago
After the break through the first support zone we have reached the price target encircled and now we passed down the next support zone as well.
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