Looking at the Daily Chart of Gold, I noticed several bullish sentiments..
1) AD & Stoch RSI both bottom at same level
2) Oversold level w/ a hidden bullish Bat
3) 3x bottom set up, near the retrace of B leg
4) Hidden bullish AB-CD pattern
I'm also seeing weakness in the 2x gold bear etf DUST
I will illustrate all of this in my Technical analysis
Not trading or investment advice
1) AD & Stoch RSI both bottom at same level
2) Oversold level w/ a hidden bullish Bat
3) 3x bottom set up, near the retrace of B leg
4) Hidden bullish AB-CD pattern
I'm also seeing weakness in the 2x gold bear etf DUST
I will illustrate all of this in my Technical analysis
Not trading or investment advice
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Daily Chart, Stoch RSI is below the clouds= Bullish
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DUST
Gold 2x bear etf is showing weakness
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see the bullish ab-cd set up
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AD & Stoch RSI both have bottom on the daily chart
learn to swim w/ the sharks or get eaten by them
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shorting the gold 2x bear etf via puts, big pop loading on golds daily
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looking for bullish continuation until invalidation (1min, will carry over to higher time frames)
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3min chart of
DUST
Gold 2x bear etf... notice the bear flag on the 3min chart forming for $dust... this will carry over to the higher time frames til invalidation
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2nd bear flag on
DUST
2x gold bear etf, likely forming on 30min chart
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stealth bull flag on 5min
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AD showing an ascending triangle
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now same chart overlapping price action. ascending triangle points to 1834
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if you're still bearish on gold, you need
DUST
to regain HOD.. there's no other way around it
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stealth bull flag on gold 15min chart
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and here is the chart of the bull flag breakout
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bullish close for gold
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im also bearish on the 10yr treasury, a decline in yield is bullish for commodities & equities
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triple bottom on 30min
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usd tumbling this morning as anticipated
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looking for 1830 gold
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but I can also see gold going higher on the daily
Trade closed manually