Thread by @Beetcoin

#Gold $XAUUSD - RSI / Price high

Eager to see how it will behave in the following weeks/months.

#Gold $XAUUSD - Long biais initiated.

- Risk is small: out if going back in the range (-$100)
- Reward: possible new record highs in sight (+$1000)

Looking for some shenanigans during a year then full blown price discovery if a directionnal market is catching up again.

#Gold $XAUUSD - Things getting interesting, expecting some resitance in this area. Long ago was S3 support.

Things set aside, you just witnessed a low risk trade unseen for 5 years (or 2016 when we bottom catched gold)

Just. by. plain. simple. chart. and. logic. #TA101

And the minimum bare use of a ridiculously efficient and overused indicator. Value relies on simplicity, not complexity.

So far it aged well.

#Gold $XAUUSD - 2 months correction might be due.

Building new long position. Even if it's at a higher price, we avoided risk of greater ruin. So far so good!

#Gold $XAUUSD - Looks like the consolidation is made to be broken (on the upside).

Few words on it:

I've been end 2019 shy bullish on gold recently because $DXY is still strong and $SPX as well. Fundamentaly speaking this is not in favor for gold (except calling top on these 2, but good luck).

On the other side gold is not something sky high in relative value

#GOLD $XAUUSD - Trend still continuing.

#Gold $XAUUSD - And one year later...

Check the whole thread 👆

#Gold $XAUUSD - ATH ✅

Ready for price discovery.