Hey there,
a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating.
In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are panicking all around.
To be honest, it a bloodbath right now...and even Gold can fall pretty hard (as you can see in 2008 financial crisis, where it dumped about 40% as well)
Be careful with your funds, I personnaly "average in" a little every month, sometimes I fill my bags when we drop for 10-20$ which happens these days...
This is a short update on Gold,
happy trading and have a nice day,
your quality-trader
a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating.
In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are panicking all around.
To be honest, it a bloodbath right now...and even Gold can fall pretty hard (as you can see in 2008 financial crisis, where it dumped about 40% as well)
Be careful with your funds, I personnaly "average in" a little every month, sometimes I fill my bags when we drop for 10-20$ which happens these days...
This is a short update on Gold,
happy trading and have a nice day,
your quality-trader
Trade closed: target reached:
Worked out pretty well. The Handle was a little later than I thought, anyway the target reached its highs, very good. Thank you :-)
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