The Future Looks Bright-Platinum No BrainerWhy platinum is in the top 3 most undervalued assets. It won't be like this for long in my opinion, and I explain why platinum is a no brainer long
Shiny
a re-visit on gold gold is holding very strongly with a massive healthy wedge forming possibly on top of a multi-year cup and handle - if my autism is calibrated correctly, we are looking at a minimum of $2700/oz for our favorite shiny boomer rock
inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and save the economy in nominal terms? gold under 2k in today's economic climate seems silly cheap in any case.
XAUUSD BuysFor the moment, we are currently seeing an accumulation of buy orders daily, if you look left, we are moving in waves from
Point A : 1850 (Strong Support)
B: 1920 (Resistance)
C: 1872 (Support)
D: 1933 (Latest resistance)
E: 1886 (Support)
If we see it breaks 1886 or 1895
wait for a breakout for the real move in the right sense of direction.
Buy falling knife; continuation of buys to 1950 POINT F!
sell continuation to the downside (breakout)
GOLD is heading north with authorityI am 100% sure we will see this metal trading at around 2000$ by the end of this year, for now just keep adding longs if any retrace happens, until we reach 1650$ mark. A bit later I will post a more precise idea of how to trade it with lower TFs.
GOLD is a POSSIBLE LONG!!Hey guys i am a new trader and i am learning the market movements slowly and this is my view.
CORRECT ME IF I AM WRONG!
Gold is headed towards $999, not for long. $1420 in the booksExpecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel.
There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail.
(see the chart)
