As you may well know I am not a regular chart spin shiller.... However my accuracy ratio on what i do post has been highly profitable, so perhaps keep that in mind while you check out this latest prediction on Gold price pathways
There are many factors in play right now, from #trumptradewar to #Venezuelan #Deutsche defaulting loans, not to mention a whole boatload of technical trading indication and of course, my own #mystic #traderinstinct
We have had a yellow brick road of price action on XAUUSD for some time, with the price comfortably sitting "in the zone" - been pretty easy to play high-low at least the last few years. At this time however I am personally gearing up for a huge and heavy further power position Long for Gold, and at this time rather than play her short and gamble, I prefer to sit back patiently to wait for the price action I want to see in order to smash on some further risk capital.
Sure I could and should play her short, but I feel the inevitable BULL TRAP games are a'coming and many will be suckered into going hellishly long way before it's time, most likely on leverage and getting sucked out to maximum effect on the back of direct US GOV market manipulation.
Watch the chart, comment and provide feedback on this opinion - goes without saying as always, this is not direct trading advice, simply me sharing me and mine and hoping to bring you some value for the time you put in to read my thoughts and check my workings on the chart.
Wishing you all well, and here is to hoping you can make at least 50% of the profit I plan to on this one...
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