Investroyllc

GOLD: ONE MORE ROUND πŸ§™β€β™‚οΈ

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This descending pennant looks nice and effective and we're not currently expecting a major breakout, so might as well continue riding the touchpoints for now. Touching the bottom is an automatic buy, the upper boundary - sell. Simple as that! Try not to enter midway to avoid huge SLs .
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Comments

I agree with the short term analysis but feel that this may have been a major low .
Buy for now and look what happens when we reach the top of the range.
I think the market in gold was thrown by Bitcoin and Tesla which in my view can both go down rapidly.
Tesla may actually decine by 50 per cent or more.
Bitcoin is probably an accident waiting to happen at this moment.
In any case you can keep physical gold in a box and it cannot be hacked.
The US government had once forbidden gold as an investment but it is hard to track physical caches.
It is much easier to track a computer "coin" and effectively render it useless.
+1 Reply
great analysis mate
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vry good
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I think
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a correction in gold was needed ! same thinking! thanks for sharing!
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great work! thank you for the post
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Thanks for this update brother
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yeah looking good that way, already in the green zone.
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Let's go bullz! Excellent chart and thanks for much for sharing!
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certainly see a long term bullish out look as well, thx :)
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