HUGE CATASTROPHE INCOMING - GOLD
The easiest material good to liquidate is gold. It has always been used as a bargaining chip and it represents the world's financial condition. If everything prospers, investments are made in other sectors. If there is a war, pandemic, financial crisis, gold is the best option to save money.
The cup pattern has been formed in the last 9 years. Beginning on July 1, 2022 the pattern will be completed. Note that at this very moment, GOLD is "trying" to cross the uptrend line, which will serve as support.
Every time the cup pattern is formed, almost 90% sure that the value rises vertically and a lot. So there is great chance that GOLD will stretch to the 1.618 - 2.618 fibo retracement range.
There is also a chance in a scenario like this, of cryptocoin pumps, never seen before. This is due to the fact that FIAT exists for cryptocurrencies and it is organized in a decentralized way.
The cup pattern has been formed in the last 9 years. Beginning on July 1, 2022 the pattern will be completed. Note that at this very moment, GOLD is "trying" to cross the uptrend line, which will serve as support.
Every time the cup pattern is formed, almost 90% sure that the value rises vertically and a lot. So there is great chance that GOLD will stretch to the 1.618 - 2.618 fibo retracement range.
There is also a chance in a scenario like this, of cryptocoin pumps, never seen before. This is due to the fact that FIAT exists for cryptocurrencies and it is organized in a decentralized way.
Note
Just a comparison to get an idea of the size of the danger that this analysis shows:TRUMP + COVID = +50% GOLD
According to this analysis, GOLD must grow 100% to enter the fibo-retracement gap.
This means that this catastrophe that could happen in the middle/end of 2022, must be 2 times worse.
War, financial crisis in China, global pandemic, climate change / natural disasters, elections, food crisis...
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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.