Hey guys what's up Brandon here, @ekatatrading, this idea isn't to give a signal - it is more so to give my understanding of why I thought that gold could do something like this weeks ago, I will link these Tradingview ideas in this post.
Sellers really didn't understand that any sell they would have taken would have been an induction, it didn't mean that you couldn't sell - it simply meant that you had to be aware that the sell would have been temporary, this is something that I would have mentioned in EVERY SINGLE POST I MADE REGARDING SELLS in any way on gold.
The sell was always meant to be a short term thing on gold because again as we know - the gold market is and always has been bullish.
Given the circumstances now - I highly advise against placing trades in ANY DIRECTION on gold - whether it be buys or sells, as if you just check most brokers you'd probably realize the spreads are much wider than normal and gold is easily jumping hundreds of pips in literal seconds. Not good for an entry in my professional opinion.
Just imagine, other "professionals" are telling you to sell now because again they don't realize that it's still very much a heavy induction (manipulation) and here I am - just a simple guy who likes explaining what I see, telling you that trading now may not be the best idea. It's also quite interesting, most people won't read this entire post and an even smaller percentage of people who actually take the time to read what I am saying will take me seriously, but I guess that's why a small group of traders actually make all the money in this industry right?
The money has to come from somewhere lol
Downvote\ don't boost if you didn't read this entire post and don't understand
OR
Upvote\ boost if you did read this entire post and do understand
Follow to see more heavy in-depth analysis like this in the future - I don't sell signals, I give my analysis here on Tradingview FOR FREE! Can your signal provider do that?