XAUUSD : Someone said ..........
Updated
XAUUSD: Big Dump On The Way, worth 1000+ pips!
And urged his followers and those willing to listen to SELL with a target @ $2,450. Then he comes up with a fancy chart with a lot of 'complicated' looking marking in it - looks legit and sophisticated.
There are 3 mistakes:
a) The price is still ABOVE the 'support' line.
b) if you look closely enough, the fall in price is most likely done. Price is already 'pivoting' UPWARDS.
c) Selling when the price had already fallen so much!!! You have already missed the boat.
Anyway, I am already BUYING.
And of course, it would do you good to stop 'following' or getting the 'advice' of those 'experts' here on TV. That includes me.
Good luck.
P/S : Bond yield says $ should weaken. Which means EURUSD will rise. If $ weakens, should XAU fall or rise? It should move in the opposite direction right?
And urged his followers and those willing to listen to SELL with a target @ $2,450. Then he comes up with a fancy chart with a lot of 'complicated' looking marking in it - looks legit and sophisticated.
There are 3 mistakes:
a) The price is still ABOVE the 'support' line.
b) if you look closely enough, the fall in price is most likely done. Price is already 'pivoting' UPWARDS.
c) Selling when the price had already fallen so much!!! You have already missed the boat.
Anyway, I am already BUYING.
And of course, it would do you good to stop 'following' or getting the 'advice' of those 'experts' here on TV. That includes me.
Good luck.
P/S : Bond yield says $ should weaken. Which means EURUSD will rise. If $ weakens, should XAU fall or rise? It should move in the opposite direction right?
Trade active
Price is moving UP nicely.
It is now halfway to the target at $2,705
Good luck.
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