ElliottWaveBelgium

Gold - When bullsih sentiment reaches extremes, price crashes !

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold reached 1500 and now market participants, media and everyone else is getting more and more bullish.

Elliott Wave tells us that when sentiment reaches such highs, that's when shit hits the fan and we see a huge sell off taking everyone out.

I'm not calling the top just yet but we need to prepare ourselves here.

For now, start slowly reducing your long exposure and keep cash on the side for later as bullish bias is still valid !

Comment:
Don't hesitate to like and share my ideas
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public

If you have any questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium
Comment:
You c
Comment:
You can find a time estimation of when this bullish trend will end on my Telegram Channel !

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.