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Technical analysis & Trading insights CFDs Gold, Crypto, Forex, Stocks and Indices Full-time trader/Markets analyst Based in Los Angeles, CA Contact @Gold_Cartel
Such a psycho range; it has kept bouncing 2000 to the bottom wedge since April 19.
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Tips:
This analysis is an excellent example of the benefit to trade less.
The market has been consolidating in the zone since April 19.
20% of my clients follow the instruction, they buy at the bottom wedge, take profit every $5 until 2000, rinse and repeat.
80% of my clients a weirdos, they buy at the bottom wedge, take profit near or at 2000, then they buy again and get trapped. Or some of them take profit near or at 2000, then they buy again at 2000, get trapped the price fall to the bottom wedge, then they sell hedge at the bottom wedge. Then they panic asking me to fix their problem and call me stupid.
Don't make your trading life harder. Keep it simple, buy then take profit, then wait to rebuy.
Most traders failed, because of their stupidity. All my clients got the same analysis, but only 10% survive and successful, because they are really patient.
Last but not least, don't be a weirdo.
These are the only signal/analysis that my clients got.
Simple but hard to trade it. Why? Most humans won't have the patience to wait for the right moment to enter the trade; they end up trapping themselves in the middle price.
Free weekly forecast
Currently, the price is still inside the rising wedge.
From the top of the wedge at 2040, it fell to the bottom of the wedge yesterday at 1970 area.
2000 is a strong resistance, if the price breaks above 2000 it will keep climbing to 2100.
If the price rejects 2000, it will fall deeper to 1960-50
My clients first signal of the week
BUY at the bottom wedge line 1970-75 area, final target 2000. So far the price peaked at 1997.
Easy
All prop firm is a “scam” They know 99.999% of amateur traders won’t pass the challenge. That's how they take your money.
What they sell is dreams
Their target is you
They know most amateur or new traders want a large trading capital; that's how they get you.
30X3 rules, most new traders will lose everything in 30 to 90 days. 90% of new traders lose everything in less than a week.
They don't care and don't want you to pass the challenge; they only want your “audition fee.”
Wake up!
This how they made money.
They taking idiots money !!
I know YouTube “trader” who’s really big right now, he’s my old friend. Back in the days, he used to flexing withdrawals to his fans. But actually the money was not from trading, but from the subscription.
Guess what, now he runaway to Dubai, because he got a lot of lawsuit in Canada.
Many new traders don’t know how it works, so they just believe it.
Just FYI, most of them are not a trader, they’re just a salesman.
Becareful guys ! Don’t get scam.
My client’s signal
Short at the upper red line, 2030-40 area, so far the price fell to 2013.
I shared the same chart to this channel, enjoy your profit if you trade it.
Not bad.
Gold weekly forecast
Currently, there are two patterns,
The yellow line is a broken bullish pennant.
The red lines are the rising wedge pattern.
Both patterns have different meanings and outcomes.
Bullish pennants usually will make a new high.
A rising wedge is usually a trend reversal.
Logic and patience. Good luck !
This is my channel; I share my thoughts and ideas. If you dislike what I share, feel free to leave and create your own channel.
A few crypto fanatics DM and cursed me because of my Bitcoin prediction. Wake up; Bitcoin has been crashing from 68k to below 20k while you were screaming a 150k rally at that time.
BITCOIN = ZERO
There's a reason why I keep mentioning about 2000, just look at your chart, the price keeps retesting that price and the bottom wedge line since April 19.
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Many ask why I share less analysis. Even my clients ask the same thing.
My answer is, if you can't even get profit from those two analyses and end up getting a margin call because of the two most straightforward analyses, how can you survive if I give you five analyses in a day?
The issue is not my analysis, the issue is human nature. Greed and fomo
Tips:
Don't overcomplicate the analysis. You don't need to keep re-analyzing the market, wasting time.
Find the strongest supply and demand, trade the same thing until the breakout, rinse and repeat.
Most new traders keep re-analyzing the chart until they are confused waiting for which way of break out. Then they spend hundreds of hours talking nonsense in their group chat, chilling with losers while pretending successful.
It's 2023, change your habit! Less trade, but higher quality trade.
I don’t share signal for free, it’s not fair for my paid clients, they paid me hundreds to thousands dollars.
I only share forecast to this channel, not signal.
If I tell you his name, I bet you know him.
He always does live stream trading on YouTube, millions-dollar trading capital. It's a scam!
He deposits millions of dollars into the trading account; the fund was not from trading; he got that millions dollars from a subscription, mentoring, course and selling VIP Premium signals Multi-level marketing.
He has Hundreds thousands students; what funny is most his students end up quit trading change profession to be a scammer and joining and working for his VIP Premium signals scam; it’s an MLM hundreds millions dollars business.
Prop firm is “scam”, don’t fall for it.
Imagine that you want to be a brain specialist surgeon, you didn’t go to school, but you sign up for a brain surgery challenge. Hahahaha
https://surgetrader.com/?gclid=EAIaIQobChMIgZepsIqt_gIVhyytBh1PPwPBEAAYASAAEgLx9fD_BwE
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Someone shared that video to me
Fukin hate looking at that kind of scammer, pretend to be a successful trader.
Maybe I should open a prop firm, so I can take new idiot challenge dreamer money
And maybe I should open a subscription base group chat, $50/month
And maybe I should accept thousands clients for “VIP Premium” signals without even care to interview them and know their trading knowledge and background
Easy money.
2005-2000 a super strong support zone. As long as it stays above that zone, gold will keep climbing.
If Gold breaks below 2005-2000, it will fall to retest 1960s area.
Time will tell
Currently, I'm not moderating in Tradingview. I'm too busy with business, new ventures, and family.
I don't have time to moderate the website, chat, etc.
I'll be back moderating TV, maybe in the summer or before winter.
In the meantime, let's hustle and work harder.
This user is another fakes gold cartel; he's a member of this channel.
I NEVER DM people offering signals.
I only have 1 channel and 1 telegram account @Gold_Cartel
Analysis services
I have 1 slot available, starting this week.
More info @Gold_Cartel