ridethepig | Gold Market Commentary 04.01.2021

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
πŸ“Œ @ridethepig Gold Market Commentary 04. 01 .2021

This is illustrating the notion of 'total mobility', and also touched on a problem which we have not discussed in depth yet, trailing stops.

Here... we can quickly review the text book flows, firstly when you think of development and secondly because Buyers are threatening to become very strong now in the open areas! So a quick recap is urgently required:

An innovative concept. Buyers can avoid the loss of their development, and it can lead towards the home-run.

Worth considering $1,960 as a good and healthy area to do some business. We can now see the slippery risk slope as we enter into a πŸ”‘ week on the elections front. Pence is now the only force to hamper this advance.

Sellers are clearly not happy with the loss of resistance and will seek compensation in a dangerous fashion. They should put up some fight at $1,960 before buyers threaten the break towards fresh all time highs with dollar devaluation to put the icing on top.

Thanks as usual for keeping the feedback coming πŸ‘ or πŸ‘Ž

Comment: $1,959 on spot..... we are getting front run more and more....

We hit $1,960 on futures but obviously not on spot, so, lets see if bulls can give it another go with NY today:

πŸ“ Twitter: https://twitter.com/ride_the_pig

πŸ“ Telegram: https://t.me/ridethepig


How much price is suitable for buying gold until it comes to 2074?
I made a buy order in 1901, but I don't know if the price will fall below 1900
+2 Reply
this was too easy
+2 Reply
ridethepig superkitty
Thank you for sharing!
+1 Reply
ridethepig jerryz73001
Welcome @jerryz73001!
we expect GOLD to trade 2400 in the next 12 months, short term we could see some more downside towards 1750 which is where we will build our long term position.
Who got tricked here ...comment haha
ridethepig hensemselalu
Perfect retail trap to buy a so called trendline breakout
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