In my other post, I showed how sometimes charts 'choose' a trend for a distance.
Nested in this possible developing 30 min trend, is a 5min trend.
This may be one to watch. Now could be late to enter long on Gold. At the floor of support was much safer for a tight stop.
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Nested in this possible developing 30 min trend, is a 5min trend.
This may be one to watch. Now could be late to enter long on Gold. At the floor of support was much safer for a tight stop.
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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What happened with the 5 min trend?
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Some collected on the first pump of the 5 min trend. Now look to 1H trend - always look higher. You may win - but you may lose - limit loss.
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Update
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Some took a slice.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
