GOLD (XAUUSD) - more upside probable.
This is an update on the daily time frame for gold. Things have changed.
I see some sort of continuation pattern developing creating probability for the upside. Note carefully my disclaimer below.
For every probability estimate in one direction there is always a residual probability for the opposite direction (- this is why we have stop-losses which must always be affordable).
For the record - and just in case - I never predicted that Gold was gonna crash. This doesn't mean it can't crash. What I said on a previous occasion was that 'Gold could be in trouble' and yes it could still be in trouble even if it punches north.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
I see some sort of continuation pattern developing creating probability for the upside. Note carefully my disclaimer below.
For every probability estimate in one direction there is always a residual probability for the opposite direction (- this is why we have stop-losses which must always be affordable).
For the record - and just in case - I never predicted that Gold was gonna crash. This doesn't mean it can't crash. What I said on a previous occasion was that 'Gold could be in trouble' and yes it could still be in trouble even if it punches north.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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