Not much has changed since last update, if you were tracking this set up you would notice 50% golden retracement zone was respected.
Meanwhile buying on dips and exiting until a better long term buy position. Probably won’t see it until elections or Covid vaccine, I’d like to see 1700s again.
Fundamentals playing big time here: “Buffett’s decision to completely close Berkshire’s position on Goldman Sachs follows the bank’s second-ever highest quarterly trading revenue of $13.3 billion. It suggests Buffett is not comfortable in betting big on the banking industry in the long-term.
Instead, Buffett purchased a single stock in Barrick Gold, whose stock has reflected that of gold in most of 2020. The firm is a gold mining company based in Canada, which recorded a 45% increase year-to-date. Following Berkshire’s investment, the stock rose by 8.11% in after-hours trading.”
Search for an article titled “Warren Buffett Buying Gold May Push Bitcoin to 50K, Investors Say“ read up and take notes.
Check my correlation map and keep up. Every dip with confirmation is an opportunity to buy.
This article is for educational purposes and not financial advice. Do your own diligence and research.