FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
NOT TRADING THIS MOVE!

I think once more leg and drop it like it HOT. Every indicator is exhausted. This is a wave 5 bubble and when it pops, don't get burnt!

Where it goes up to is anyone guess now - the yellow lines mark some daily candle resistances - but really this is nothing significant. - It's in the hands of the big banks now to wheel the retail traders in with sensationalised headlines such as "Gold reaches 9 year highs" - time for FOMO for alot of people - don't be that guy! or Girl!

Catching the "top" is a mugs game lol

Happy to catch the wave down however. Good luck all!
Comment: **IN MOVIE TRAILER VOICE**

First and second resistance hit
Will it breach the third in this sensational Bull run?
Will it reach ATH? or will the wild Bear finally put an end to this madness?

... Miss it - Miss out
In Cinemas from 27th-30th July
Comment: All yellow lines breached... Will hit the ATH?
Comment: But really don't feel bad if you've missed this move up from 1840 area... Gold hasn't really given any pull backs of 50% for any entries... This move is parabolic and to join a parabolic move is somewhat dangerous. Yes, can be rewarding but risky (think of bitcoin 2017 and how many bought at 18-19k)

Ask yourself - is the potential of the move up better than move down..

Comments

I usually don't even comment but you kept it too real , whoever knows knows
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imk1983-fX GHOSTTRADER36
@GHOSTTRADER36, Thanks for the kind words. All the best with your trading
Reply
good words
Reply
imk1983-fX SoughtFX
@SoughtFX, Thanks for your comment! Happy trading
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