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RE: Goldman Sachs and IMF Chief eyes opportunities in Cryptocurrency....My thoughts laced with euphoria of hope..."Adapt your financial portfolio to reflect current market trends"...
With so much talk of crypto currency being banned, yet you see it continue to climb higher only shows the confidence if a free market, if they would stop manipulating gold and silver , it too would take off.
But right now it's hard not to own some crypto, and have the confidence knowing you have that money available offline and secure, no matter what happens
I can probably share some of my Gold charts with you, I enjoy charting and doing a little technical analysis, Gold trades in predictable patterns reflected economic certainties/ uncertainties, I am more seeing Gold as a traded asset rather than an appreciating asset...Gold put in quite a performance from 1126 all the way up to 1356, with "V" all the way and holding trend-line as support and resistance, it break to the downside, it break down and vice versa. After the recent Fed decision, it break the diagonal lower trendline before the speech, so traders had a good idea where its heading, now you have to look at the weekly and monthly trendline, to see where it may find possible support but for now its heading down.... you can probably hope for a rumors of war between US and North Korea to get some buying pressure even then I would wait until it breaks the upper trend-line to place any long position, after that I just monitor trades to take profits, you can't have no love for anything in the market, Gold movement is just profit taking....
I'll check out the charts as you post them, thanks!
No problem man, my pleasure