Gold 
GOLD has not been this extended (light purple band) from the historical mean / simple moving average (green bands) since 1979. What followed was an almost 17% drop thereafter in just a month. Then, 137% parabolic rise in just two months followed by a 45% crash 3 months later....
My point for those trying to hop on the train now: There is a very strong probability of a 10%-20% pullback as the price approaches $5,600+/-. But that's simply my worthless view.
This type of extension is what I suspect we'll see with the S&P 500, as described in this write-up
GOLD has not been this extended (light purple band) from the historical mean / simple moving average (green bands) since 1979. What followed was an almost 17% drop thereafter in just a month. Then, 137% parabolic rise in just two months followed by a 45% crash 3 months later.... My point for those trying to hop on the train now: There is a very strong probability of a 10%-20% pullback as the price approaches $5,600+/-. But that's simply my worthless view.
This type of extension is what I suspect we'll see with the S&P 500, as described in this write-up
Trade chiuso: obiettivo raggiunto
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If you enjoy this idea, please follow for more: tradingview.com/u/WorthlessViews/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.