I have closed my first set of Buys with decent Profits on this #40$ Bull run, holding the second set. Gold continues to consolidate on the Hourly 4 chart as the #1,465.80 - #1,450.80 Support zone was holding the price strongly. The Bearish U.S. data yesterday were unable to stop the DX from making another parabolic jump as it continues to monopolize the safe haven status. As I have been mentioning all week, this only shows the underlying strength and how Long-term investors defend the current level. My perspective is unchanged and all my previous levels remain valid. If the Support zone holds today as well, then by Monday it is possible to see an aggressive Hourly 4 jump to #1,590.70. What is worth noting also is Gold-Silver correlation which have been almost identical for the past #70 years (compare the price-action and check resemblance). But on March 17, parallel resemblance is disconnected as it reached #120 points difference. Last time it happened was #1,947 year, and it was a messenger of new monetary policy, which is the same case now after all these years. New Crisis is around the corner as Gold could easily reach #1,700.80 really soon.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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.