Trouble In Paradise
Trouble In Paradise
Another inflection point on the horizon – however only valid starting tomorrow.
Yes, there may be trouble in paradise – better stock up on the vaseline:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.[/amprotect] [amprotect=1,13,9,12,5]
After a blow off top the current candle looks rather bearish. I actually expect an initial bounce at the 1824.5 NLSL but if we happen to close below that line tomorrow or over the next five days it could signal the start of a long squeeze. If you traded this one down I however recommend taking at least partial profits, the trend in gold is strong and never forget that commodities do not trade like stocks.
Stay frosty and don’t get married to your trades.
Cheers,
Mole
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