Courtesy of Read the Ticker.
Three things have tweaked the fundamentals for gold.
1) Bitcoin is not attracting the hot cash, unlike 2016.
2) Fed's Powell dovish switch, now less expectations for interest rate hikes in 2019.
3) China to import more goods from the USA, hence more US Dollars required.
The question now is will this move gold back to resistance before year end?
Gann angles look good, cycle looks attractive, now we wait for volume and a price to break into new ground. Profits could be golden for Xmas.
Gann Angles
Cycle picture
Some interest comments from Luke Gromen on the subject post Dec 2018 G20.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and
Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
Investing Quotes…
..“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”..
Jesse Livermore
.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..
George Soros
.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..
George Soros
.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..
George Soros
.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..
Spike Milligan
