I really think that you are right Kenny, the trading is our friend. Also, it is good to trade what we have in our "Present Time". However, remember the same boys (speculation, greed, and fear) that are causing this amazing overbought price situation are the same boys that will cause the strongest pull back ever.
Blessings,
Blessings,
DislikedNot 50K but certainly 5K in longer term is very possible.
Oil and Gold two different instruments in many ways, While oil price based on mainly real supply and demand, on the other hand gold price is based on speculation - greed and fear.
In any case I never base my trades on predictions or indicators. I just follow the PA in "Present Time" with the help of TL, S&R and MM.
If it's going up, why not just follow it until it hits the ceiling, rather than trying to predict a ceiling price. Before shorting, I'd prefer to see that solid ceiling...Ignored