Auf geht's
Gold Spot / U.S. Dollar
Long

Any daily reversal candle around 1810 will be a good BUY

Von Jimmy_S_Rsqd
Aktualisiert
Any daily reversal candle around 1810 will be a good BUY. I will prefer to see a third MACD divergence on daily TF around this price.
TP should be around 2200/2300
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I have 2 guesses for bullish view.
1. COVID-19 second wave might turn Gold attractive again as a save haven which could later cause "Gold crash" by end of first quarter once vaccine news start rolling out.
2. Stimulus would come after election - crazy view though. If Rep looses, they might agree to the terms of Dem on stimulus (maybe they are just be waiting for a good time to play "You just lost a good and empathetic leader game").
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"1 GOOD" trade is better than "3 GOOD and 2 BAD" trades
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A female president will have similar but rapid effect as (1.)....Wake me up
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DXY could drop hard to 89 by Jan 2021. Oil could reach 50 and beyond. Gold should be bullish around 1810.
Snapshot
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Renko is counting 3-1-3-1-? = w-x-y-x-z
Snapshot
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Dont rush...Wait for a reversal candle on daily TF before any LONG
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If weekly BTCUSD divided by XAUUSD forms a topping reversal candle by Friday, start selling BTC and buy GOLD.
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Once price retraces below 1800 again, watch Net Volume for 3k
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Update on long analysis
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Dont BE FOMO BULL, Be Smart
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Here is the plan...Join me
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Snapshot
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Same Plan
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Update on Plan
Elliott WaveFibonacci
Jimmy_S_Rsqd

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