XAUUSD | Going To New ATH

Hello traders,

I know someone who always used to tell me "if you can't buy GOLD, just don't sell it".

I didn't buy into that. My ego has always got the better of me. And everytime I sold GOLD, I either get little profit, breakeven or more often that not lose the trade.

Then I became a believer myself. I just will not sell GOLD!

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For the chart to move on the daily chart, a lot of macro structure has to happen on the 4H and smaller timeframes.

Looking at the 2H chart here, I can clearly see the OBV indicator has broken a downtrend and it spiked higher than the previous highs. That to me is an indication that GOLD will probably breakthrough the current ATH massive resistance.

Do you really think market makers will see all these short positions opened at this ATH and just hand them free money? How wrong you could be thinking that way.

My bias remains bullish for GOLD. New ATH will be reached soon after a corrective pullback.
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Good Luck!

การซื้อขายยังคงดำเนินอยู่

Here we go traders, new ATH and I believe it will grow higher

บันทึก

Hopefully you had the time to read this education idea too

XAUUSD | ATHs Aren’t Resistances. They’re Liquidity

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

My target for new ATH is reached. I still hold physical GOLD.

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