Market makers keep playing range-bound cat & mouse with smaller investors still stuck on the "use gold to hedge" multi millennium motto while less popular markets sneak by
However, after a strong bull, and considering this specific market is not yet euphoria-bound in my opinion due to the lack of media exposure, a pull back would be desirable for the health of this up trend -which begins to look like a bubble-
And we have achieved very good levels for this to happen.
Consider hedging long positions around and above the red area for better prices using tools to monitor market makers movements.
For better results, use context of other noble metals and stocks market situations
Unlike the NASDAQ (and overall US markets) ideas, we are not trying to build strong shorts, but merely manage risk on long positions (for now)
Just like all my published ideas, this is not financial advisement, trade at your own risk
Buy pressure looks still strong, buyers are still here so we might have a smaller correction than expected. Keep your eyes open as we might bounce before the target
I don't think the bubble is over, and almost 3000$ would be a better target to book profits, but I am starting to get mixed signals on the risk front that become difficult to ignore.
Just what we wanted to finish selling the positions at the initial target.
And then things took a turn for the worse, directly to our target of 1750$
You could say it was the recent epidemics news all you want, but mathematics once again warned us long before the so called news did
This idea is closed; Thank you for reading.
That is a strong possibility indeed, and getting stronger by the minute