i_am_siew

Let's continue our discussion. Previously, we looked at the chart from afar, just to get a bird's-eye view of the price. Now, we zoom in to examine the details. If price fails to touch/surpass the previous ATH - buyers are f**ked. From the above, we can roughly tell who blinked first. Anyway, in this game, there is no certainty. Only probabilities. Good Luck - this is the last of the ETH idea from me.

In accordance with the harmonic pattern, the price is at the tip of the blow-off stage now. By the pattern, it is UNLIKELY to surpass the previous ATH. Wait for a reaction on a 1W chart, trade once the price weakens. GOOD LUCK.

The U.S. dollar has lost approximately 75% of its purchasing power since 1980. What this means is that it costs about four times as much today for comparable goods and services as it did in 1980. In order for the gold price to fully reflect the loss in USD purchasing power, it would need to be $3,460 It is reasonable to say that gold has now matched its intraday price peak of $843 in 1980. The price of gold only reflects the ACTUAL loss of purchasing power to date. It does not take into account potential loss in the future. With so much DEBT going around, I think what is coming is DEFLATION. Until and unless it finds a 'footing' ABOVE $3,460, I do not think the price can go up. Which is why SELLING is a good idea now. Good luck.

.......... should be $4,400 Just when everyone is getting excited. It is a double D!!! Good luck.

The good thing about a harmonic pattern is that it significantly lowers your risk. It forces you to be patient and wait. It can be applied to all, whether FX, stocks, crypto, etc. Why does it work better compared to others? The answer is simple - PRICE ONLY MOVES UP AND DOWN, PRICE DOES NOT MOVE SIDEWAYS. One crucial thing we can see from the above is that the D < B. Which means if we are patient enough and wait for the appropriate time to SELL, the probability is very good to make money. Good luck.Just to add - the SELL SIGNAL noted - this complements the D. Good luck.

A lot of people get carried away easily. It is ALWAYS a MISTAKE to buy at the TOP. You have already missed the boat. Trade with common sense, not with emotion. Good luck.

Maybe price is just trying to buy back what was sold previously. Of course, now at a higher price. By the look of it, there isn't any new 'supply'. Do you think price can move higher if there is NO supply - no one 'selling'? Good luck.

Price has now reached our target as anticipated. The question is, when do we SELL? Anyway, for those who follow the D, I am sure it has saved you guys a lot of trouble. At least you know where/when to start SELLING. Many others who started selling EARLy had all lost their money. As we can see, there are 3 D's. Price can still move UP to 6,800. Bear that in mind. Or has already reached the max at 6,291!!! Price is at where they are, there are 2 choices: a) SELL now and SL @ 6,300 b) SELL when price touched the lower D @ 6,140 with SL @ 6,291 Whichever way, the R/R is still FANTASTIC. It is true that MARKET MAKER might still take advantage and try to screw short sellers. But even they would find it hard at the D. For even they need to respect it a bit. If you know your D, you trade safer. Good luck.

What about XAU? Many would be asking. From a harmonic point of view, I can see price is weakening. Even with a push by BUYERS, it would only reach the banana, which is BELOW the previous high at the blue line. So, the plan is that when it reaches banana, a SELL is possible with SL just above the blue line. In this way, we have a higher probability of success, plus a fantastic R/R. Looking at the DXY, the $ is also at an inflection point. Good luck.

Price is stalling at the D @ 108,800 for some time now. I think it is not because of a lack of demand. Just that there is no one selling. Owners prefer to keep the limited supply. Buyers are unwilling to chase after the few available at a higher price. We have a stalemate. In 2022, to break this stalemate, price needs to drop, with sellers taking a profit and making supplies available. Then we will have buyers scrambling again to BUY. Watch the OBV. So, I should wait to BUY, but at the right price. Good luck.