@drmat
Every push up in gold looks like a good sell opportunity for me right now.
I’ve made around $50 in one day so far.
1️⃣ Price has moved too far from the moving averages, which usually signals that a correction is coming.
2️⃣ The strong rally over the past few weeks has completed the Fibonacci extension of the previous wave, which suggests the upside move is likely exhausted.
Fundamentals:
No serious war scenario is playing out. Even if tensions rise, it’s unlikely to turn into anything major.
Trump talks a lot, but he’s unlikely to start a war.
At the end of the day, he’s a business guy, not a war guy.
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