#003-1 GOLD RALLY 2028 BY 09/05/2021 (FIRST DRAFT)
This is early draft for #003 trade idea.
Notes:
1. For all intents and purposes, if your holding period is 6 MONTHS OR LONGER, buying NOW is not a terrible idea. Maybe even more true if you intend to hold to February 2025.
2. That said, the ever-annoying "one more low" risk is still present and may not clear until we are through FOMC on 03/17/2021, April NFP on 04/02/2021, and new moon (otherwise known as the first of the second month of luni-solar calendars, examples: Jewish and Chinese calendars) on 04/12/2021.
3. If gold tags 1671 in the next week, the following move should be a 3% bounce to 1715-1720 or so, that still does NOT preclude a visit to 1627.
4. On this chart I have PIRL volume turned on so you can see the volume waves at for comparison vs February/March 2020. I will write more about this later.
5. Like trade #002, I will write multiple articles detailing this idea in next 2-4 weeks.
6. If you can't spell YCC, might want to do some reading on it. Otherwise, my expectation is that the incoming low will be 1 of 2 remaining SPECTACULAR entry opportunities for gold in this super-cycle.
Catch you later.
Notes:
1. For all intents and purposes, if your holding period is 6 MONTHS OR LONGER, buying NOW is not a terrible idea. Maybe even more true if you intend to hold to February 2025.
2. That said, the ever-annoying "one more low" risk is still present and may not clear until we are through FOMC on 03/17/2021, April NFP on 04/02/2021, and new moon (otherwise known as the first of the second month of luni-solar calendars, examples: Jewish and Chinese calendars) on 04/12/2021.
3. If gold tags 1671 in the next week, the following move should be a 3% bounce to 1715-1720 or so, that still does NOT preclude a visit to 1627.
4. On this chart I have PIRL volume turned on so you can see the volume waves at for comparison vs February/March 2020. I will write more about this later.
5. Like trade #002, I will write multiple articles detailing this idea in next 2-4 weeks.
6. If you can't spell YCC, might want to do some reading on it. Otherwise, my expectation is that the incoming low will be 1 of 2 remaining SPECTACULAR entry opportunities for gold in this super-cycle.
Catch you later.
Nota
Quick update, something I wrote in Gold Discussion lately:Nota
You are looking at 3 important lines of support all intersecting this March 12th at 1671. Which happens to be the Friday prior to March Fed meeting AND the last day of January (the first month) of the luni-solar calendar. That is to say March 13th is new moon. BTW, TYPO in Notes section: It should say third month, NOT second month.
Nota
Looking ahead (I posted this in #002-3), but this is basically the route we are going:Nota
Update for previous chart & zoom in:Nota
[FTR]001-0 LONG 1859.60 CLOSE 1822, -2.022%
002-5 SHORT 1798.16 CLOSE 1680, +6.571%
002-7 SHORT 27.72 (OPEN) CURRENT 25.113 as of U.S. close on 03/08, +9.405%
Notes: Wish I had followed up writing #001 more diligently, but it is what it is. For #002-5 (the prelim writing started at 1810, but will only count the reco). For #002-7, will keep open despite being up 9% bc I have conviction we will a number under 24.25 (there's no solid reason we can not even lower, will update).
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.