Just a quick snapshot of a SMALL piece of the previous analysis I did with one addition (yellow tag)
Looking at gold as of present I'd be honest I cannot see why anyone would feel safe to buy at this time
HOWEVER - I also cannot build a strong enough case for a SELL TRADE either as the momentum isn't that bearish to say that you can quickly enter and make some quick profits via a scalp type trade
In my opinion looking at the turquoise zones (next zone where liquidity might be) I feel like I need gold to target and demolish those zones first before we see buy conditions return - and my reason for this is simple
If gold had the liquidity to buy - IT WOULD BUY!, right? The fact that it isn't buying suggests that it doesn't have what it needs and is seeking it out. The real question is - "where might it find what it needs?"
Enter turquoise zones lol - pay close attention to the bull trend over to the left (turquoise line). A bull trend in a bull market? It's almost like the dealer wants you to buy, it's so evil...it's genius!
So induce buyers to buy, stop them out by selling below where they bought, and then actually buy? Maybe - What do you think?
Downvote\Don't boost if you didn't try to take the time to read and understand this post
OR
Upvote\boost if you did try to take the time to read and understand this post
If you genuinely disagree..I have no problem with a downvote, but please leave a comment as to why you think otherwise. This will allow all of us to grow and get better together
Link to previous analysis is here -
Godspeed folks
Looking at gold as of present I'd be honest I cannot see why anyone would feel safe to buy at this time
HOWEVER - I also cannot build a strong enough case for a SELL TRADE either as the momentum isn't that bearish to say that you can quickly enter and make some quick profits via a scalp type trade
In my opinion looking at the turquoise zones (next zone where liquidity might be) I feel like I need gold to target and demolish those zones first before we see buy conditions return - and my reason for this is simple
If gold had the liquidity to buy - IT WOULD BUY!, right? The fact that it isn't buying suggests that it doesn't have what it needs and is seeking it out. The real question is - "where might it find what it needs?"
Enter turquoise zones lol - pay close attention to the bull trend over to the left (turquoise line). A bull trend in a bull market? It's almost like the dealer wants you to buy, it's so evil...it's genius!
So induce buyers to buy, stop them out by selling below where they bought, and then actually buy? Maybe - What do you think?
Downvote\Don't boost if you didn't try to take the time to read and understand this post
OR
Upvote\boost if you did try to take the time to read and understand this post
If you genuinely disagree..I have no problem with a downvote, but please leave a comment as to why you think otherwise. This will allow all of us to grow and get better together
Link to previous analysis is here -
Godspeed folks
