As you see, 90% my idea is gold and bitcoin . I love gold and bitcoin because until now it's out of government regulation , today i continue pushing my idea about gold .
On this chart you see we have gold prices hit all-time high. So that is a complicated problem for trader who follow the technical analysis from historical data. But everything is solvable, also gold .
Gold need retracmente to 1 or some level is red line a draw and continue up. Time for gold make a top, i dont care this top level, it maybe 2000, 3000 or 1500usd .. it should be a top of a swing wave, the secondary trend.
it mean we can find some entry to buy gold from here to march -may/2021. And the entry is red lines under 2000usd
Good luck and safe trade.
On this chart you see we have gold prices hit all-time high. So that is a complicated problem for trader who follow the technical analysis from historical data. But everything is solvable, also gold .
Gold need retracmente to 1 or some level is red line a draw and continue up. Time for gold make a top, i dont care this top level, it maybe 2000, 3000 or 1500usd .. it should be a top of a swing wave, the secondary trend.
it mean we can find some entry to buy gold from here to march -may/2021. And the entry is red lines under 2000usd
Good luck and safe trade.
5 years is the golden time that is keeping the primary uptrend. This uptrend usually lasts from 6 months to infinity. The primary upward trend of gold from 2002 to 2011 (9 years)
After each bullish or bearish push we will have a secondary trend running against the main trend once the overbought is over. The secondary trend mostly lasts from 3 weeks to 6 months. Many of you with little experience are distracted by a minor trend that lasts from days to 3 weeks.
If you turn on the monthly gold chart. You count and you will see that from 2015 up to now, each peak is completed, it has dropped to 1 Fibonacci price level because from previous PHH to PHL the shortest 3 is the longest right 6 months.
So if gold peaks at any timeframe marked as straight colored lines on the chart, it takes that time to continue to accumulate for public parcitation for both buyers and sellers. is the transition period. Until it really shows signs of trend reversal, we will continue the primary discount process lasting at least 6 months to infinity.
The price increase can last until the above days, it can be up to March 2021 after there will be a correct correction period and it will take from 3 months to 6 months and then continue the new cycle.
In general, just holding gold will never be disappointed.
Note: Your house must be rich or your account will be flammable because you run out of capital on the way to the top 😃