Gold thesis
Gold did not break lower today and surpass the 2709 level. Indicating to us the downside for now is over, unfortunately my last long move I tried to trade did not work out as planned, as is trading though right, you win some and lose some.
So, the market has clearly taken some advantage of this confusion of possibly break lower etc to its advantage and exposing her true move earlier today.
Would be a good idea to look at joining the bullish leg while it last sometime next week prior to elections, when the opportunity arises. There is a high probability of new highs being reached before a bear market begins to show itself on gold.
Some crazy times are coming up though with elections which cause some volatility and institutions, big market players are going to be executing their agenda's, causing some manipulation in November, so be aware of this when trading during these times.
Trade safe and catch you later traders ▲
So, the market has clearly taken some advantage of this confusion of possibly break lower etc to its advantage and exposing her true move earlier today.
Would be a good idea to look at joining the bullish leg while it last sometime next week prior to elections, when the opportunity arises. There is a high probability of new highs being reached before a bear market begins to show itself on gold.
Some crazy times are coming up though with elections which cause some volatility and institutions, big market players are going to be executing their agenda's, causing some manipulation in November, so be aware of this when trading during these times.
Trade safe and catch you later traders ▲
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