Well, After a historical month for Gold my Big Swing idea has completed and successfully hit all set targets. What now you ask ? Well it's simple, 2100 by friday. 5000 within the next 5 years. Yes thats right, Its not stopping here, This is only the beginning of our adventure. A taste of the starters before we move onto our main course. Whats the main course you might think ? BULLION. Whats dessert ? LITHIUM. Shhhh i didnt say anything just keep your attention on Gold and be happy your sat at the table having dinner as a lot of people are missing out on this crazy bull run. For now B1GFUDG3 OUT!!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction certainty nor do am i held responsible for any losses. Always do your own analysis and use the correct risk management.
Sorry, I have a different thought. Yes, Gold will remain bullish, but we are gonna see a massive pullback to $1735 within a very quick time! and then it will start rising again.
OfficialKieranTrewick
⋅
@Muddle_Headed, Awesome. No need to apologise here your opinions are valid and matter. Your theory aligns with the charts I understand but this was said at 1700,1800 and then again at 1900 yet gold refused to give in to any technical indicators making its own path. I understand your perception and if we weren't in the middle of a new world i would totally agree with you. But this isn't over yet its just the start, The spanish flu lasted for 2 years with multiple waves the 1st wave being the weakest but still on par with the corona virus. Until there's a worldwide vaccine being supplied to each countries citizens then this bullish power will just keep continuing. Your right there always has to be a pullback but so far like i say its denied any power move by the bears only letting them have a nibble here and there.
Muddle_Headed
⋅
You are absolutely right about the ongoing situation of the world. If I believe in the pure economics, then I have to believe that Gold is gonna do a massive correction. We have seen $1703 to $1450 within just 2 weeks! covid19 pandemic was all around, still we have seen the massive correction. Same thing is obvious to happen in my opinion.
Blessme123
⋅
@Muddle_Headed your crazy there will be no pull back to that level
OfficialKieranTrewick
⋅
@Blessme123, They aren't crazy, Its happened before. 2011. There just wasn't a global pandemic then to help keep bullish strength. Every indicator on the planet says gold should pull back but still it defys these and creates its own path.