Inverse H&S setup in play for Gold. At the moment it is high basing. Worth keeping an eye out for a CRACK higher. Just a matter of time in my opinion.
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Here we go!! Gold new all time highs! The fact this post only got the love of 4 people suggests to me there will likely be many "Buy the pumpers" that will FOMO chase gold going forward.
I call this the BTC effect. Where everyone just blindly run after pumps and buy buy buy.
Anyway the move up today is as expected and likely in its infancy stage.
Only a fool would try contrary positioning to your advice. You do great work 😊 this market is red hot in so many areas places with FOMO. The challenge is exposures when the tide goes out
xnsmntfrbp
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Inverse H&S in a bullish coming from an uptrend does not seem legit though...
bjorn2z
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Maybe. Yields strengthening. Dollar strengthening. Headwinds for gold. 1930, 1850 gold more likely before a breakout above 2076.