Opportunity does knock twice (actually more)!

ที่อัปเดต:
This is an important chart , especially for newbie traders !

Do you wake up each morning to check your email or subscription to see if your coach/authors that you follow have updated a new trade opportunity ? And if you saw in the afternoon and realised it was published in the morning, do you want to kick yourself for not being fast enough to earn the pips?

Sure you do because in your mind, you think is so easy , just follow and yet I missed it. Then you curse and swear at yourself, promising never to do that again.

If you look at this gold chart, you would discovered there are more than twice , in fact several times that the prices were hovering around 1450 to 1475 range. The first period was Nov till Dec last year. Then the price break out and shoot up all the way to 1700 level.

If you had long at that time, congratulations ! Thereafter, it came tumbling down to 1451 level again in March 2020 again. This is your next buying opportunity. And coincidentally or not, the price is now near to 1700 level again. I suspect it will retrace and so long the bull trend remains intact, the price action would proceed to hit the 1800 level before reaching 1900.

So, there is no need to rush , to hurry , to pressure yourself to get into the market! Relax, there are plenty of trading opportunities (even as I am writing this post now).

And 3 months of waiting is not long at all compared to some that take years to retrace to its original pricing.

Be the men who love gold, haha

บันทึก
wow, ain't got time to take a breather, continue to charge higher.
บันทึก
cnbc.com/2020/04/14/the-wind-is-very-likely-in-golds-sails-as-it-hits-a-seven-year-high.html

FIrst, you understand how the chart works, then you justify with the fundamentals as above.
บันทึก
scmp.com/video/coronavirus/3080128/thais-flock-sell-gold-valuables-prices-spike-covid-19-pandemic-and

This information reflects what is happening on the ground of the commoner. Street vendor who are unemployed due to the stay at home policy are forced to liquidate their gold holdings to raise cash. This is not a good sign for the local economy.
บันทึก
For those who missed buying this, here’s your chance! We are awaiting at 1641 level to pick up more. It might rebound from current price as well as 1675 has found some support.
Chart PatternsTrend Analysis

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