Gold going up parabolically, no resistance for a while
Next resistance is at 1800:
Can use the 4 hour moving averages as a trailing stop.
As you can see in the screenshot, previously gold has gone straight up until resistance.
Investors don't trust the stock market, fixed income, or obviously bitcoin either which is having parabolic moves down itself. Stocks are going up because of buybacks & the FED balance sheet growing ("not QE!") not investors.
Gold has just gone up for its entire existance.
Might as well jump in the reward compared to risk is 10 times for me here.
Way worth.
Not much thinking required, pretty straightforward here. If you believe the odds of continuing powerfully up are higher than ~10% it is worth it.
Should be a trade lasting a month or two at most if it works out the parabolic way.
* You'll hear CNBC praising gold at the top I bet. Or maybe in years when it REALLY went up. Love them :D
Can use the 4 hour moving averages as a trailing stop.
As you can see in the screenshot, previously gold has gone straight up until resistance.
Investors don't trust the stock market, fixed income, or obviously bitcoin either which is having parabolic moves down itself. Stocks are going up because of buybacks & the FED balance sheet growing ("not QE!") not investors.
Gold has just gone up for its entire existance.
Might as well jump in the reward compared to risk is 10 times for me here.
Way worth.
Not much thinking required, pretty straightforward here. If you believe the odds of continuing powerfully up are higher than ~10% it is worth it.
Should be a trade lasting a month or two at most if it works out the parabolic way.
* You'll hear CNBC praising gold at the top I bet. Or maybe in years when it REALLY went up. Love them :D
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