swade trades all day

11/15/2020 14:32

$Gold/US Dollar a lot of room for dropping. still have target of 1750 or worse. it flew up there...checkout 2009 -2011. there is big weekly doji sitting at top and a couple more after big red you see after the doji on top. use heikin ashi also to see visual trend.
big cup and handle on weekly chart dating back to 2011 could see on average 30% drop from top before it checks back to try and beat it at 2000 dollars we topped out at recently.
at this current set up you might see one big ass green candle on the weekly to try and beat that 2000 one last time but if it fails we will see that 1750 for sure. it will make a common forex set up with rectangle on top....that will be the deciding point of giving us our big bull run or drop back down to lower support to spring us up to the moon...either way gold long all the way to 2025 however you play it.

we all gold bugs don't hate, propagate ๐Ÿ’ช๐Ÿ—ฃ๏ธ
Gold/US Dollar-0
Gold/US Dollar-1
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All Comments(3)

Trivdgun11/15/2020 18:01
Elliot wave also suggests gold another leg down as it builds momentum for the next big move up.

swade trades all day11/15/2020 18:48

good one, didn't even look at those....and if it drops that's all it's going to do is build momentum for the long haul to shoot it higher


swade trades all day11/15/2020 14:45
those drawing skillz my boy got are killer

Jimmy Biggs11/15/2020 19:22

see you at the top in a few years buddy ๐Ÿ˜Ž

swade trades all day11/15/2020 18:50

it's get boring trading the same stock, we do it for fun too ๐Ÿ˜…

thanks big dawg, right back at ya โ˜ฏ๏ธ

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swade trades all day11/15/2020 14:39
monthly doji *


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