To buy or not to buy Gold ?

26 בדצמ׳ 2023

If you have already longed Gold at around 1700 price level, congratulations. You can either take profits or wait out. But if you have not long Gold this year, I suggest you take a break and wait for the signals. We can see that it is at the resistance level at 2075 price level and while the last few weeks have been bullish, we never know what's going to happen in the future for sure.

So, let the price breaks out and shows evidence of a continued rally before going LONG or it could retrace within the bullish green line before going up or down.

Please DYODD

27 בפבר׳

הערה

yawning..........

5 במרץ

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could this time breaks above the resistance point ?

26 במרץ

הערה

bearish pin bar, short term traders can take profits

9 במאי

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cnbc.com/2024/05/08/gold-is-selling-like-hot-cakes-in-koreas-convenience-stores-vending-machines.html

15 במאי

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added more

23 במאי

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Praise God. Congrats to those who followed

11 ביוני

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sg.finance.yahoo.com/news/bofa-gold-etf-flows-turn-180702220.html

11 ביולי

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added more last night

24 ביולי

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a bearish pin bar, expect profit taking

9 בספט׳

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IF a recession does come next year along with the rates reduction, this asset class may have more room to go

2 באוק׳

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The war will help to accelerate the gold price so not selling nor taking profits yet.....