What if Gold is in a huge distribution?
I like huge charts. They can tell you when to pay attention. Dollar dying and gold rising? Maybe it's good to be not so sure yet.
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Wow I like playing with Gold chart. I have to work more on this.
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Some people compare it with Bitcoin but the chart is not like Bitcoin.
Bitcoin is losing momentum on the macro chart. It feels like Bitcoin needs a reset. A new cycle based on a huge macro bottom.
But Gold is different. Looks like Gold is in a cooldown mode after the CRAZY run between 2001-2011.
That makes you think one thing you know. Big crisis happens and people realize money should be scarce. So, maybe Gold is super bullish on the macro.
Bitcoin is losing momentum on the macro chart. It feels like Bitcoin needs a reset. A new cycle based on a huge macro bottom.
But Gold is different. Looks like Gold is in a cooldown mode after the CRAZY run between 2001-2011.
That makes you think one thing you know. Big crisis happens and people realize money should be scarce. So, maybe Gold is super bullish on the macro.
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This doesn't look too bad to me. Might be a healthy pullback.
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See how a rising wedge can correlate with a distribution range. That's the ideal scenario for a Wyckoff range. Not because I'm bearish on Gold right now. These are just plays. Pure fantasy at this point.
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How about this lol. Gold chart is fun.
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I'm considering to sell my gold soon. Fast move with strong narrative. I'm not a fan. I wouldn't short yet but...