today fear is driving sellers...well yeh, its not rocket science.
what about greed on the breakout of the converging triangle from the lows driving price from where it is today?
fear = down
greed = up
uncertainty = sideways
NOW, i agree there is a general upward tide in gold atm but an entry will need to be timed well and now isnt the time.
you need to be open to the fact that the time may not come, tomorrow or this week or this month... ,maybe in a few month or another year... the simple fact is you don't know and jimy was calling this as the bottom of the bear market in gold lol where price was returning to 'fair value'.
any further upside will be driven by greed, and any further downside will be driven by fear, its up to us as investors to negotiate through the mind field of emotions and conflicting arguments to best determine the course thats needed to minamize the risk and take the full opportunity of the gains on offer.
being narrow minded and childish to the point your saying sh!t like,
"You made an observation and others then made observations that your observation had the appearance of a steaming turd. Every time you make an observation public you take this risk. Accept it and move on, you're not gaining ground here..."
is going to get you no where, and the fact people liked his comments goes to show you the level of understanding and knowledge around here.
its a disgrace, a balanced and respectful POV is key.
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