$XAU - log.Macro
Updated
Gold closed last week on +3.15 % positive momentum.
Currently it's the last quarter of 2022, Q4.
Week left behind was a week with increased Feds Rate Hikes and economic data of unemployment rate.
Technically
XAU's rally still intact and poised for rallying higher in price on the long time frame.
I guess that timeframe is no good when it comes to Peter Schiff's investment strategy, but he has most certainly locked his future generation(s) up to some good times to say the least.
Apex of current Ascending Triangle is approaching it's end, break-out anticipation concluding the confluence of Q4 end and The New Year to come (2023)
Interesting times for Gold's play-out on charts, Macroeconomics and Geo-Political area.
TRADE SAFE
Note that this is not Financial Advice !
Please do your own research and consult Peter Schiff before investing in Gold based soly upon this Idea.
Currently it's the last quarter of 2022, Q4.
Week left behind was a week with increased Feds Rate Hikes and economic data of unemployment rate.
Technically
XAU's rally still intact and poised for rallying higher in price on the long time frame.I guess that timeframe is no good when it comes to Peter Schiff's investment strategy, but he has most certainly locked his future generation(s) up to some good times to say the least.
Apex of current Ascending Triangle is approaching it's end, break-out anticipation concluding the confluence of Q4 end and The New Year to come (2023)
Interesting times for Gold's play-out on charts, Macroeconomics and Geo-Political area.
TRADE SAFE
Note that this is not Financial Advice !
Please do your own research and consult Peter Schiff before investing in Gold based soly upon this Idea.
Note
XAU from 2008 close-upNote
XAU from Covid's Health Crisis (2020)Note
XAU in the road of printing a Doji like type of candle on 3Monthly time-frame*1M and 8Days until Candle Body Close.
Note that Doji like candles are a real battle between Bulls and Bears,
Buyers and Seller
and it can go each way .
Note
Zooming in on the Monthly, it appears so far to be what's called a Spinning Top
8Days till Monthly Close
Note
*Weekly price action trading inside a Bearish Flag
Break it,
afterwards headed for anywhere close Weekly OB and Point of Control where the most volume of buyers and sellers sits.
TRADE SAFE
Note that 'X' date of Debt Ceiling is getting closer each day.
Gold may outperform, or may start to crash, depending on US Decision's
Perhaps this may be a Great Buying Opportunity for Gold, taking in to account the Elliot Wave Count 1-2-3-4-5
Note
XAU -New All Time Highs Ahead *W (Idea)
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