ridethepig | Gold for ECB & FED combo

8 thg 12, 2020

A timely update here after a conversation with @zhaoyu01...I will try to keep this one short as by now we all know what is in play.

On the inflation front it is clear what we have cooking. Sharp speculators in bonds are miles ahead as usual and signalling loudly that we have inflation coming to our theatres very soon:

One of the best assets in 2019/2020 has been Gold to trade, the expression of risk makes for a clear picture. $1,803 strong support marked the lows, providing a jewel in our treasure chest and after the latest Brexit news it is all crystal clear to see:

Now to put the 🍒 on top we have a ECB / FED combination coming. Purely as a matter of policy we can observe another round of traditional overdraft extensions in attempt of avoiding any vulnerabilities in stonks.

The technicals are consistent throughout.

We completed the retrace ahead of elections via profit taking and counter-play. The outpost now comes into play at $1,960 before unlocking fresh highs at $2,075.

Thanks as usual for keeping the feedback coming 👍 or 👎

14 thg 12, 2020

Ghi chú

For those following the flows here we are entering back into our infamous 'loading zone' ... you know what that means, time to start paying close detail to the price from the european close. This is starting to look very interesting for those outguessing a panic week set for 21st.