Fake Breakdown for Liquidity: Completing the Handle
Diupdate
With the global market in full melt-down mode, many people are wondering: why the hell is Gold and Silver falling with equities and why are mining stocks selling off?
The answer is an algorithmic fake liquidity dump before the actual rally to 2000 begins off the basis of fear as per the equity markets. We are currently completing the handle from the 5 day cup and from there Gold will go up either Friday near Europe open, or within the next 5 trading sessions.
Liquidity algorithmic selling pressure is very common prior to massive bullish breakouts as per the last two major breakouts in Gold in the 1970s and '00s.
Remain patient.
- zSplit
The answer is an algorithmic fake liquidity dump before the actual rally to 2000 begins off the basis of fear as per the equity markets. We are currently completing the handle from the 5 day cup and from there Gold will go up either Friday near Europe open, or within the next 5 trading sessions.
Liquidity algorithmic selling pressure is very common prior to massive bullish breakouts as per the last two major breakouts in Gold in the 1970s and '00s.
Remain patient.
- zSplit
Catatan
A shit ton of algo-bot manipulation after I posted this idea although 1628 is putting up a strong fight and I expect the 1626-1628 level to likely hold.The trade still remains and the overall uptrend remains. This is the final algo-bot liquidity dump before the run to 2000 begins.
Any retrace is due to algo-bot manipulation which is common during communist Asia sessions and before Europe opens.
Remain patient and don't give up hope.
Catatan
Latest guidance shows huge margin call covering. This will now require a turnover in a new month (i.e. March) to reverse.
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