MrRenev
Long

Gold update: Still retracing. Patiently waiting to buy.

TVC:GOLD   CFDs on Gold (US$ / OZ)
That's it, the palladium bubble popped. Please spare me the psychological phases "you have no idea what you are talking about" "it's just a correction" "we need to cool off" "it's going to recover" etc. We go through this every single time and it is getting boring. The second any one says "I am 100% sure" about anything, they have already lost.



Gold is retracing, but I am not shorting it. Palladium neither.

Bitcoin & Warren Buffet taught me 1 thing: Markets can stay in denial a VERY LONG time, spikes can happen, and the faster we go up, the more slowly we go down.
Big fast increases in price really mark people and get them excited, after that they simply will not want to sell, even if no new buyers come for months, or years.
And since I don't do (and am not allowed to) options, no betting on a decline for me.

Once we get to that buy area thought, the price will probably bounce, and that bounce shall be magnificent.
These recoveries often go pretty fast.

Remember that looking at the yearly, we see we are at our 3rd year in an inside candle. Investors are waiting on the sidelines until it breaks.
(The move sureley would start when we me make a higher high or lower low 1365/1160)


Looking at these inside bars break on the daily:




It's the yearly chart. It most likely will be explosive in looking at yearly chart investors terms.

Timing the markets is impossible and the dumbest thing to do, but regarless, I think a break of this tightening triangle will occur between Q3 2019 and Q2 2020.
"Willy bot was built to stabilize the market"
- Mark Karpelès, master troll.
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