MrRenev
Short

Gold imminent flush is likely

TVC:GOLD   CFDs on Gold (US$ / OZ)
Price is currently in a weekly inside bar , getting tighter and tighter. I think we ran out of buyers, and the fomo crew is bagholding.
A flush may be be necessary before continuation up. Capitulation, bottom (I'll be a buyer), and then uptrend continuation.


There is also this larger pennant:





Oct 23
Trade active: At the top of the range.

Oct 24
Comment: Price is just messing around.
We are all waiting for a big fund to just get courageous and decide if they want to buy or sell.


This does not invalidate the trade. The price messing around after a false break in the wrong direction before going the other way is common.
Here is an example:
Oct 24
Comment: Talking about the SEK, I wish I shorted that...

Oct 24
Trade closed: stop reached: I hope I did not get stopped at the top.
Not like it would be anything new.
Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy. It's inherent virtue is the equal sharing of misery. We will fight them on the beaches... ~ Winston Churchill
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