Hello traders,
This is my first public speculation on gold so take this with grain of salt like any opinion but this its what I see . I normally trade cryptocurrencies and post about crypto but some assets I can trade with BTC and AU its one of them. I did made some profitable trades going long in long trades and going short on gaps. I'm not a big fan on going short unless we are in bear market and its obvious direction in long perspective . I have strong feeling that gold has bright future with current market situation . If you are new to my post I'm invested in BTC witch I got in early when everyone was scared to enter and posting Doom scenarios. I on the other hand have bean accumulating and planing on staying that way for some time and have goals in mind but that is different story and not the topic . So as we can see gold its barely holding to 1M pivot and hitting weakly support levels. It can go up a little from here but in longer perspective I believe drop its coming , We are leaving high node area and not much action under until the demand area . I'm looking on golden ratio level to bounce from and I think this will most likely happen under current price moves. Gold had nice run witch its not over but its time to pull back IMO and check the demand area to confirm more uptrend , If we just keep going up from here that makes thinks even better. Traditional markets are Hot and extremely hard to get grip on even for the best speculators out there . Can DJI hit new High who knows. 08 recovery happen way to fast and IMO and was not covered by anything beside FED constant print and throwing USD to the market to make it look good, will see how long they planing on doing that . With that in mind we all know how historically people flea to AU when market hits the fan . Long story short Im looking on going long from golden pocket and I will be watching that area to enter longer trade . Making more Digital gold with traditional assets its my long time goal as investor.
People always say buy gold and I say buy gold mines .. ( Yes I buy mineral rights and keep doing it. I love prospecting there for I have no interest buying gold at all when I can go and dig it out )
As always only think you control its how much you loose so Risk Management its everything in this game .
Please share your opinion and let me know what you think .
This is my first public speculation on gold so take this with grain of salt like any opinion but this its what I see . I normally trade cryptocurrencies and post about crypto but some assets I can trade with BTC and AU its one of them. I did made some profitable trades going long in long trades and going short on gaps. I'm not a big fan on going short unless we are in bear market and its obvious direction in long perspective . I have strong feeling that gold has bright future with current market situation . If you are new to my post I'm invested in BTC witch I got in early when everyone was scared to enter and posting Doom scenarios. I on the other hand have bean accumulating and planing on staying that way for some time and have goals in mind but that is different story and not the topic . So as we can see gold its barely holding to 1M pivot and hitting weakly support levels. It can go up a little from here but in longer perspective I believe drop its coming , We are leaving high node area and not much action under until the demand area . I'm looking on golden ratio level to bounce from and I think this will most likely happen under current price moves. Gold had nice run witch its not over but its time to pull back IMO and check the demand area to confirm more uptrend , If we just keep going up from here that makes thinks even better. Traditional markets are Hot and extremely hard to get grip on even for the best speculators out there . Can DJI hit new High who knows. 08 recovery happen way to fast and IMO and was not covered by anything beside FED constant print and throwing USD to the market to make it look good, will see how long they planing on doing that . With that in mind we all know how historically people flea to AU when market hits the fan . Long story short Im looking on going long from golden pocket and I will be watching that area to enter longer trade . Making more Digital gold with traditional assets its my long time goal as investor.
People always say buy gold and I say buy gold mines .. ( Yes I buy mineral rights and keep doing it. I love prospecting there for I have no interest buying gold at all when I can go and dig it out )
As always only think you control its how much you loose so Risk Management its everything in this game .
Please share your opinion and let me know what you think .
