Trading Fam,
Patience pays off. After a long wait, Gold has touched my Target 2 briefly and then quickly bounced. Will it settle in the zone? Unknown. That is why I have started DCA between Downside Target 1 and Downside Target 2. This is not the end of the gold run. The U.S. dollar will continue to devalue, increasing inflationary pressure and concerns.
A breakout of the triangle to the upside at some point in the future could easily give us a double-top and a fairly safe target to bet on at around $5600. Personally, I think we’ll go even higher. And maybe even before the year ends! The fact that gold has the volatility of a shitcoin should show us all how uncertain this market (and geopolitical reality) actually is. It is all truly remarkable to witness.
Take care, my friends. And happy trading.
✌️Stew
Patience pays off. After a long wait, Gold has touched my Target 2 briefly and then quickly bounced. Will it settle in the zone? Unknown. That is why I have started DCA between Downside Target 1 and Downside Target 2. This is not the end of the gold run. The U.S. dollar will continue to devalue, increasing inflationary pressure and concerns.
A breakout of the triangle to the upside at some point in the future could easily give us a double-top and a fairly safe target to bet on at around $5600. Personally, I think we’ll go even higher. And maybe even before the year ends! The fact that gold has the volatility of a shitcoin should show us all how uncertain this market (and geopolitical reality) actually is. It is all truly remarkable to witness.
Take care, my friends. And happy trading.
✌️Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.