DigitalSurfTrading

Gold and The Safe Haven Myth

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Considering the science of price action, the idea of a surefire safe-haven is only but a myth. Corrections are mandated and will continually occur, just as push is to pull.

Plainly put, the only legitimate safe haven is great analysis.

Gold preps for a return to $1775-$1800. All those who bought the top (assuming this was a safe haven) are destined for a sizable correction).
Comment:
target adjusted to $1825.
Comment:
Upon closer inspection, I believe that the diagonal wave has completed, in sneaky fashion. Now looking for $1843.

Trade safely. Let me know how it goes if you take any action.

Comment:
Top not set yet. Bears awaiting big strike.

Hello to all my haters :)


Sharing chart analytics to build the world's most profitable investor community. Free to join below! 0 strings attached.

🏄 www.discord.gg/QRPx6ShxMt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.