Investroyllc

GOLD: Penguin Pattern suggesting A Big Breakout 🧙‍♂️

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey, amazing TradingView community! XAUUSD has formed a descending triangle (beak) that is almost ready for a breakout. It's more likely that Mr. Penguin is going to dip down in the ocean for some fish at around 1805 levels. However, if USD weakens within the next few days we can see gold coming back to some old glorious zones.

Safe trades, my friends! It's okay to have fun sometimes!

P.S Bonus points if somebody tells what type of penguin is this and why :)
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Comments

keep it up, good work!
+3 Reply
Investroyllc DACapitalTrading
@DACapitalTrading much appreciated, brother!
Reply
how deep do you estimate the drop?
+3 Reply
Investroyllc AdamEiseman
@AdamEiseman if there is one, it might go to around 1805-1807!
Reply
Honestly really glad that I sold all my gold stocks, should have done that a hell lot sooner. such a disappointment gold has been
+2 Reply
Investroyllc paulansah99
@paulansah99 we made a lot of money buying gold late summer with all the uncertainties around the election, but now USD is more or less back, so not much of a point holding it just yet. I think you did a right thing!
Reply
MikeJoseph paulansah99
@Investroyllc so you have no faith in your long position, typical pandering for likes, youre positions for "glorious highs" but also say: you're right to sell, USD is stronk, this site it full of clowns.
+1 Reply
Investroyllc paulansah99
@MikeJoseph Hey, Mike! Trading is all about calculated risk and probabilities. As we stated in the description downside move is more probable for now. However, what goes down must come up too. So we’ll be back at those highs inevitably. The matter of fact, there is a big chance that it’s going to happen right after we test 1805 level. All the best and safe trades!

P.S This “site” is full of very bright and talented people who are kind enough to share their opinions.
+1 Reply
MikeJoseph Investroyllc
@Investroyllc, You're LARPing as an investment fund, there's no "we" you're obviously one person in a basement drawing penguins on the chart, with no clue what you're talking about. So sad to watch, the ego is so desperate for affirmation...
Reply
Emperor penguin!!
+2 Reply
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