>gold is gonna skyrocket because theres a """cup and handle"""TAfags are so fucking stupid
>>61091557Gold is skyrocketing because of fundamentals. TA just confirms it
>>61091557The cool thing with gold is, you can get a ridiculous amount of money to bet on it because it's gold. t. went long gold with ~5mil around in 2023
>gold used for thousands of years for its inherent value>many manufacturing uses, use in jewelry, scarce>people who buy coins with no inherent value call it a boomer rock
>>61091557>TAfags are so fucking stupidif it statistically plays out more often than not its not stupid, retard
>>61091961>if it statistically plays out more often than notit never does, but TAfags will pump out videos every day telling you whats going to happen next based on a chart pattern from 100 years ago and only be close to correct 5% of the timetheyre literally less correct than a broken clock
>>61091931>bu-bu-but muh imaginary scenario of everyone on earth suddenly rejecting gold!!1 Ignore the entirety of human history! People WILL dump gold one of these days you'll see!!
>>61091979enjoy not making money then
>>61092006It's even used in the computer chips they love to talk about. It's too valuable to waste like that, but it does the job better than silver and copper.
>>61092006from what I remember most gold isn't actually used for anything remotely industrial or scientifically meaningful, its just stored away either in bullion or jewelry
>>61092085Yeah. It is an asset. It has been an asset since 3,000 BC. It still is. Wrap your head around that.
>>61092085It's ability to store value is why. You can use it in manufacturing, but because of its physical properties and scarcity it has always been more useful as a bartering tool.
>>61092103just saying that the demand isn't matching the supply on our poor backwater podunk shithole of a planet
is that not what already happened exactly
>>61092121I beg to differ. The demand is about to overcome the physical supply by orders of magnitude. Retail doesn't even count. I'm talking Central Banks. China, Taiwan, Russia. Even Brazil makes a dent, since it is a huge economy and it is hoarding physical
>>61092146thats more speculation than fundamental hard demand backed by industrial needs
>>61092163No industrial needs accounted. Just Central Banks. Multiple Central Banks. China's Central Bank. They are hoarding it.There is also the side issue of the USD tanking hard against any currency. I think the USD has lost a significant amount of value against South Africa's currency. It has tanked against Brazilian currency.South Africa. Let that sink in
>>61092209them hoarding it doesn't mean its strategically viable
>>61092235It does mean exactly that
>>61092241central banks are not the smart money players by long shot, they're the ones who need bag holders, come on man
>>61092251They are the ones with the printers. They print, exchange, and hoard gold. It is happening as we speak. Just look at it. Look around right now.Inflation is sky high, of course.And here we have you, talking about fuckin TA
>>61092274yeah and when you hold their shitcoin they extract your wealth away from you, my growth strategy is to *insulate* myself from central banks
>>61092286With assets, I hope. Like land. Or gold.
>>61092292I showed you my gains percentages, you show me yours
>>61092274>And here we have you, talking about fuckin TAI have 90% winrate for my last 20 trades btw
>>61092302so, youre a gambler that was lucky
>>61092302I'm broke as fuck, waging hard, living on my reserves, slowly bleeding them dry. I hope that's enough for you, bro
>>61092316>gamblerclueless cretin, I won by hard work and patience, stacking the statistical edge in my favorgoddamn subhuman trash
>>61092313noone careswhy are you shitting up the thread?
>>61092324Let him. He is welcome to post
>>61092324look at OP post you tard, its about technical analysis, I its one of the methods I use to trade
>>61092146>The demand is about to overcome the physical supply by orders of magnitudeno it isnt, TAfags and precious metals breadtubers keep saying it but theres absolutely nothing that suggests this will happen
>>61092517Well, do your thing then. I'll do mine. Nothing changes.
>>61091866how do u have 5 mil
>>61092127guess faggot OP will just ignore this. i've made the most gains on anything i've traded in my life from jumping on to technical setups. wyckoff accumulation on bitcoin 2021, bull flag on KDA in 2021, been watching this cup and handle forming on gold since 2022 drawdown and threw half of my portfolio into metals at the time. granted, TA isn't great on its own but if you can learn enough about what you're trading, it helps boost your win rate.
