update, upside of $100 will not FOMO me for buying and hoping for $2050 again
gold is being Vulnerable( below 20.50.100 MA) and below the Ichimoku cloud
not the best confirmation yet for a reversal,
$1440 to $1470 is the best point to buy as my second target after $1680.. In my opinion where the 1.618 exists.
it created double top and h&s patterns in the weekly, which means a few months of bleed for gold .
fed raising interest rate untill end of 2022 will push gold to 1470 level.
another reason is we created ABCD... but not yet E " Elliot triangle wave" which is a retracing pattern in TA
not a financial advisor.
for educational purposes only
gold is being Vulnerable( below 20.50.100 MA) and below the Ichimoku cloud
not the best confirmation yet for a reversal,
$1440 to $1470 is the best point to buy as my second target after $1680.. In my opinion where the 1.618 exists.
it created double top and h&s patterns in the weekly, which means a few months of bleed for gold .
fed raising interest rate untill end of 2022 will push gold to 1470 level.
another reason is we created ABCD... but not yet E " Elliot triangle wave" which is a retracing pattern in TA
not a financial advisor.
for educational purposes only
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.