Had a strong bias for Gold buys long term, but I had to really look over the charts completely to see what signs I may have missed..
A) If you plot a line from the opening day's price of Golds all time high you will see that it test that price on 3 separate days in December and ever since then its been dropping aggressively and each bullish trend we get is short lived .
B) Since the HOM of December they have been trapping buyers....I mean they are trapping Sellers too but who have they been trapping more aggressively? A big drop Imminent?
My thoughts is possibly one Mighty Judas swing up before a major Sell off until the end of the year...This may be a year for the bears..just my two cents...
wish you all a great trading week!
A) If you plot a line from the opening day's price of Golds all time high you will see that it test that price on 3 separate days in December and ever since then its been dropping aggressively and each bullish trend we get is short lived .
B) Since the HOM of December they have been trapping buyers....I mean they are trapping Sellers too but who have they been trapping more aggressively? A big drop Imminent?
My thoughts is possibly one Mighty Judas swing up before a major Sell off until the end of the year...This may be a year for the bears..just my two cents...
wish you all a great trading week!