Like I said I believe him as much as you believe in @skoll posting his contract note. Back it up by calling it as it happens. I did that every so often in gold trade, I get it right at times and wrong other times = profits and losses. You of course have not been paying attention here. I didn't do it out of ego trip but something I look at on TA. Go back to the time in Oct 2016 when gold smashed through that key level a few weeks before Trump's victory on the 4th I think on that fateful NY open. I said I was getting out of my gold exposure (stocks) the next day and I did. Probably not the best timing as it provided a dead cat bounce where I could have got out at a more premium level. I think it is call the lack of predictive skills???
Something you are highly proud of yourself being able to achieve consistently. Well good on you for such a skill, I am envious! Now I gave credit where it is due but you can of course view this as sarcasm. No it is not.....
Now back to gold discussion;
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That green candle and the entire candle range is an important resistance block I am watching. Price dipped into it on Friday and we see some rejection going into the London but I am more concern NY session. Previously is the all important 1300 psy level that price has been flipping both up and down and the most recent is a 2 bar reversal blended a 2-day pin bar bearish. So price is now stucked in a psy level that is significant in the past but directly underneath a block of congestion. Not tradable IMO either direction and I have had this sentiment since price went into that congestion block.
From the local producer's perspective this trapped pricing is OK since AUD is being shafted down quite understandably. I have no problem with that. Now over to you to make some commentary.
Oh and YES I am lucky, mostly that with a bit of TA skills. Who do you think I am, TA experts that only make money?
