Rumours of fat fingers are out.
So far we heard only about one. I suspect he has 4 more. Lets hope so.
Kommentar:
I cannot predict the intraday path of gold , but I can set up more or less expectancy targets of where I want gold to end in a given scenario roughly at a given time.
So the fingers are merely a humoristic thing based on his incident of gold dumping.
For some months back I saw a scenario of 1592 by beginning of December as a likely target for gold to move to. But for that scenario to play out, I think sentiment must become more extreme; we need a failed daily cycle to get there. If we do not go down to close to 1200 now, I think there will not be sustained capacity to drive gold to 1592.
If we now, however, move above 1300 from 1240 and not go to 120X, I will be start looking for shorts up there instead and brace myself for a bearish scenario to 950s.
So let's see where gold want to go.
Kommentar:
If this is bullish, I want to see a big, fat finger to 1225.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
So the fingers are merely a humoristic thing based on his incident of gold dumping.
For some months back I saw a scenario of 1592 by beginning of December as a likely target for gold to move to. But for that scenario to play out, I think sentiment must become more extreme; we need a failed daily cycle to get there. If we do not go down to close to 1200 now, I think there will not be sustained capacity to drive gold to 1592.
If we now, however, move above 1300 from 1240 and not go to 120X, I will be start looking for shorts up there instead and brace myself for a bearish scenario to 950s.
So let's see where gold want to go.