Gold bullish - long
Hello Market participants,
Gold has been in disfavour of my predictions since end of last week. Currently deeply trying to understand and follow S&P 500, to maintain constant understanding from why gold is still oversold (supposedly) this is due to aggressive market fear and liquidity.
Stocks are doing bad, and USD is overprinted. I suppose that soon, we will see gold jump upside, once regulations are being set in place. And pricing's are corrected, with market openings and normal supply & demand economical levels.
However still long bullish on gold, finding a short sell right now would be, from my point of view risky, however I have been short selling for a few time, with enormous caution.
If you were to go on a sell projection make sure to open an entry price action beneath 1700 levels. And wait for confirmation or towards consolidation
Regards and feel free to comment !
Kevin
Gold has been in disfavour of my predictions since end of last week. Currently deeply trying to understand and follow S&P 500, to maintain constant understanding from why gold is still oversold (supposedly) this is due to aggressive market fear and liquidity.
Stocks are doing bad, and USD is overprinted. I suppose that soon, we will see gold jump upside, once regulations are being set in place. And pricing's are corrected, with market openings and normal supply & demand economical levels.
However still long bullish on gold, finding a short sell right now would be, from my point of view risky, however I have been short selling for a few time, with enormous caution.
If you were to go on a sell projection make sure to open an entry price action beneath 1700 levels. And wait for confirmation or towards consolidation
Regards and feel free to comment !
Kevin
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