ridethepig | A Homerun in Gold...

Diupdate
In the realm of swing trading, the struggle for liberation is forever prevalent. It would be wrong to ignore the opening move here at 1205;

The ladder is empty


This kickstarted the entire move towards $1305, once outside of the wedge buyers took an "anything goes" approach to the price as risk began to evolve over time. While the triangle from an elliot wave perspective was deemed risky, this move now became a standard:

Large triangle forming...?


What is much more the point, is the rise in popularity of the wedge break. It was offering opportunities on both sides and while inflation was absent during 1H19 it presented a tradable ABC correction:

Leg D completed on the Weekly... expecting bears to come in here


Whilst the cat is away (inflation)... the mouse can play


The lows held and was sending loud messages that real money was on the move, this was a BTFD opportunity as see in these positions:

We finally got the break...


1600 within reach for Gold


A Full House For Risk... ridethepig


Finally the technical development was there, it was just a matter for buyers to challenge the relevance of what is undeniable a useful strategy... Support:

ridethepig | Gold Market Commentary 2019.11.26


I am talking about the final stages of the middlegame here before we transition to endgame (in play now). Naturally the Santanomics kicked into play:

ridethepig | Gold & the "Santa Rally"


Opening up $1650 and $1700 targets ... let's continue to ride the pig:

ridethepig | Gold Market Commentary 2020.01.06


In conclusion, by now we should all be fully loaded on the buy side here. There has certainly been opportunities even in this last leg to have increased exposure via PBOC intervention:

Sellers Biting On Granite In Gold!


Valentines Day:

ridethepig | Buying Gold For Valentines Day...


...
ridethepig | XAU Market Commentary 2020.02.17


You get the point. A textbook example of setting up the foundations for a major swing and executing on it with precision. The macro assured us the whole time that sellers would not be able to compete!!

Hope it has helped.. thanks as usual for keeping your support coming with likes, comments and etc!


Buyers on the attack aimed first at the highs
Catatan
Strong overshoots on the manufacturing side, time to start closing all Gold longs and look to reposition later in the Q....
Trading ditutup: target tercapai
Catatan
ridethepig | Gold Highs Of The Year? Smells Like It...
Beyond Technical Analysisgc1GC1! (Gold Futures)gc1!longGoldTechnical IndicatorsinflationriskTrend AnalysisXAUXAUUSDxauusdlong

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