Empire of dollar is crashing for FXOPEN:XAUUSD by BTC-XLM

In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path.

Chart pattern on weekly. I really like using higher time frames.

DXY ( U.S. Dollar Index)

Trade active

Note

Note

$ 2100

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We will see!

Trade active

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Short term:

No comment

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Medium-term:

This market needs a correction (no new bad news!)

Wave c = 123.6% of wave a

Trade active

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Gold- update

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We will see

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Gold- energy never lies

I am out

good luck

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Gold- Energy never lies

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Gold- Update

Target = $ 2200

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Gold

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Gold- Wave C > 0.618 of Wave B
Target = $ 2200

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Gold

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Gold

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Gold- they are scrambling

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Gold Pump- Dump !

This can only mean one thing:

This Is the End

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Gold

Pump- Dump

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Gold Pump-Dump!

Did they run out of money?

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Gold - This Is the End

2012 (-45%)

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Gold- Update

-6.70%

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Gold- it's a trap

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For Sale :)

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Gold- Biden

a neutral signal to the market

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Gold- Update

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Gold

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Gold- I am still in cash & will not buy

good luck

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It's your last chance

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Gold- it could turn into a bloodbath

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No reason to cut

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Gold- Who drew this?

Bull?

No!

The Federal Open Market Committee (FOMC)

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Who drew this?

DXY (bullish) <-------> gold (Bullish) 👌 👏

Powell 👏 👏

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Gold- it could turn into a bloodbath

Update

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Gold- no reason to cut

Fed:

DEC 13 2023 ---> three cuts coming in 2024

MAY 25 2024 ---> Fed probably won’t be delivering any interest rate cuts this summer

JUN 12 2024 ---> only one cut coming this year

For the same reason

no reason to cut

****

Gold rises with U.S rate cut optimism

A failed breakout = a bloodbath

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Gold

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Gold

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Expect a Fed rate cut in September ...
Fed rate cuts could start in July ...
only one cut coming this year ...
Fed rate cuts, Fed rate cuts, Fed rate cuts ...

*****

The news is now positive

But

Why? :)

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Gold- History repeats itself

again

$1 trillion crash

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Gold- History repeats itself

2013 ---- > $1 trillion crash

2024 ---- > $ 1.5 trillion crash

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$ 1 000 000 000 000 crash

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Gold- Update

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Gold- Update

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Gold

-1.76%

the market doesn't react!

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Gold-

A failed breakout = a bloodbath ;)

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Gold- Bearish

Wave C > 161.8% of wave A

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Gold-

Target 1 = $ 2407 (11 hours ago, Comment)
Target 2 = $ 2391
Target 3 = $ 2363

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Gold- Honesty is a very expensive gift

Yesterday you posted Gold long, today you say ----> short (the difference between me and you!)

(Warren Buffett) The first rule of an investment -----> Never Lose Money

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Gold- MACD (4h)----> extremely bearish :)

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Gold- what is going on?

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Gold-

Target 1 = $ 2407 ;)

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Gold- Update

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Target 2 = $ 2391

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Revision 1 ;)

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Gold- Update

Target 1 = $ 2407 (it did)
Target 2 = $ 2391
Target 3 = $ 2363

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Gold- Update

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Gold- Update

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Gold- Target 2 reached ;)

Target 1 = $ 2407 (it did)
Target 2 = $ 2391 (it did)
Target 3 = $ 2363

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Gold- Jul 16, Comment:

Update:

-4%

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Gold- watch out

good luck

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Gold- watch out

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Gold- The bulls are strong but ...

:)

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Gold- Update

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Gold- we will see :)

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Gold- Bear flag

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Gold-phony wave

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Gold- Sep 2011

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gold

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Gold- a false breakout (Bearish)

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Gold - phony wave

we will see

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Gold- Update

Jul 18, Comment

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Gold- What comes next?

Target 1 = $ 2333

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Gold- Update (Jul 21)

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Gold- Target 3 reached

Target 1 = $ 2407 (it did)
Target 2 = $ 2391 (it did)
Target 3 = $ 2363 (it did)

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Gold (4 hours ago) - Short ($ 2370)

Target 1 = $ 2333

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Gold- Update

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Gold- medium term (sell signal)

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Gold- medium term ($ 2370, sell signal)

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Gold- Jun 8, 2023, ( $ 1946 ----> $ 2445 )

Fed seen holding rates steady in July

why?

here's why

yes

prices hit another record high

prices hit another record high

Gold:

I do me you do you, so, I will not even try to bother explaining your falsely ...

so long and goodbye

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Trader asked:

"Does it mean to buy gold? I don't understand. Please help"

My reply:

a- a lot of technical traders will sell
b-What does "So Long" mean? a warm way to say farewell (so long = goodbye)

;)

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Jul 17, Comment:

Gold- no reason to cut

Fed:

DEC 13 2023 ---> three cuts coming in 2024

MAY 25 2024 ---> Fed probably won’t be delivering any interest rate cuts this summer

JUN 12 2024 ---> only one cut coming this year

Gold- Fed Holds Interest Rates Unchanged

Unchanged
Unchanged
Unchanged :)))

you can not find a reason to try

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Jul 17, Comment: Gold- no reason to cut

I was right

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:D

good luck :)

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Gold

Fed rate-cut hopes = dead wood

But

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(what concerns me is ...)

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Gold-

a full-scale war = Democrats will lose the White House

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Gold

the answer is yes

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Gold- I see two possibilities

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Volatility S&P 500 Index

+47%

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It's so dangerous to short Gold right now

It's so dangerous to long Gold right now

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Trader asked:

According to this drop, is 2600 or 2520 possible or has the drop started?

My reply:

There's no war yet

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Gold

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Gold

a-

b- Plan B (if there is a war)

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Gold- Biden says he hopes .... but "I don't know"

***

I will be unavailable until Aug 9, 2024

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Gold (investors await Iran's response to ...)

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Gold- Platz der Republik is a square in Berlin

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Gold-

"Ukraine (US, Germany, European Union) enters new phase of war", we are all aware of this important fact!

This ain't good, this ain't good at all, this can only mean one thing:

Russia could use nuclear weapons

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Gold-

(July 12, 2024) The German government ...

(Aug 14, 2024) US government moves 10,000 Bitcoin

why they need cash "now" ...

This ain't good

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Gold- Target (Short-term) = $ 2450

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Gold- Short term: Bullish

Calculate the difference between 2 dates

July 31, 2024 (Killing of Ismail Haniyeh)
Aug 14, 2024

good luck

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Gold-

so what?!

He hasn't said "anything new" since December 2023 !!!

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Gold-update

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Gold ;)

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Gold- Aug 9, 2024, Ukraine's incursion into Russia

Update: Aug 30, 2024

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Gold- Fed rate-cut ... (Aug 30, 2024- the time has come)

See You on 18 September

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Gold- Update ($ 2566)

Short term (to be honest!) ----> technical analysis doesn't work

the reason technical analysis doesn't work

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Gold- (short term) News

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Gold- you see what you see ;)

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Gold- Update

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Gold- Update

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Gold- Update ;)

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Gold-

what I expected (Aug 4, 2024) :

what actually happened:

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Gold- You see what you want to see ;)

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Gold- Update

Trade closed: target reached

Gold- Jan 13, 2025 comment

Update

******

now

where do we go from here ?

Long term overview (Update)

Trade active

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Gold- Trade active

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Gold- technical analysis

where's the top?

(decision point =$ 2885)

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Gold

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Gold- have a look

RSI (monthly time frame) = 78.91

****

I sold at $2880

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Gold- Short

Structure = Flat (Wave C)
Wave C = 100%, or 123.6% of Wave B
Target= $ 2833

Sell Signal = $ 2820 (I'm looking for a test (and a Re-test) of the 2820 level)

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Gold-

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Gold-

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Gold- United States Wages ...

back in 2000, the minimum wage was 256 ounces of gold per year

2011 ----> the minimum wage was 43 ounces of gold per year

2024 ----> the minimum wage was 27 ounces of gold per year

workers have lost purchasing power

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Gold-

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Gold-

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Gold- a short-term top is in place

-2%

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Gold

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Gold- Short term

short
Target (Support) = $ 2855

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Gold- The 2016-2025 Bull Market

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Gold- short term

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Gold

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Gold

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Gold- No comment!

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Gold

(decision point =$ 2931)

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Gold- Update

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Gold- Update

Short term

Is a double top forming?

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Time will tell the tale

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Gold- Red Flag (overbought condition)

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Gold

We will see !

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Gold- the poison will take time to take effect

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Gold- fundamental

Trump said he believed he had the power to end the war in Ukraine, "but today I heard, ‘Oh, well, we weren’t invited.’ Well, you’ve been there for three years.”