An opinion is not a position and a position is not necessary an opinion
I deal in possibilities, not probabilities and certainly not certainties
A chart pattern does not become a pattern until it is completed -- and even then it may fail
Summary
A bearish chart case can be made for Gold based on five factors.
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https://www.peterlbrandt.com/wp-content/uploads/2016/09/A-bearish-technical-case-for-Gold.jpg18002400Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-09-28 11:34:182016-09-28 11:35:24A bearish technical case for Gold
Edge - The nature of a trading scheme that provides it with the ability to carve out beta against its appropriate benchmark universe
Classical chart patterns - in and of themselves - provide no meaningful trading edge - in fact, no trade identification mechanism provides a meaningful edge
Win rate - in and of itself - provides no meaningful trading edge
Factor’s Edge - Factor’s edge is attributable to four primary things
An emotional separation from the need to be right
Aggressive risk and trade management protocols resulting in many non-injurious losses - protecting trading capital in the SINGLE DOMINATE PRIORITY
Identifying and committing to very selective highly asymmetrical reward-to-risk trades
Allowing the odds to provide a few trades that work immediately and provide profits of 350 to 450 plus basis points each
Forex markets and precious metals
/by Peter BrandtFactor Interim Update, October 2, 2016
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