XAU/USD | GOLD OVER ALL PLAN ( SMART MONEY ) DECRYPTERS
Updated
Welcome to DECRYPTERS !
NOTE:- PLEASE READ FULL DESCRIPTION BEFORE CONCLUDING ANY THING
upon analyzing gold over all trendi is bullish due to several factors
why to buy gold ?
building narrative because of followings:-
1 - geo political situation
2- banks demands for gold
3- inflation issues in us
4- japan currency devaluing issue
5 -brics
6 -infaltonun certanity
7- gold silver ratio
smart money hates uncenrtanity , so they are buying alot of it
over all gold is bullsih in yearly / monthly /weekly charts ( for now)
Previously :-
from 2432 2277 -2295 were called and we took buy live on our yt from those levels
there was little hurdle at the area of 2313-2325 (as shown above in chart)
now the hurdle is flipped overcome we are expecting bullish prices on gold until new all time high
Forecasted gold projections based upon following :-
Gold buying reasons at level of (2360 - 2374)
1 - Downward tredn-line from previous all time high( shown in yellow color)
2- Two green horizontal lines (advanced smart money level)
3 - Bullish parallel channel (which supports the smart money level and trend line)
4- The white line is showing trajectory ( of the expected move)
5- Volume profile and Volume Analysis (VSA) Also supporting buying Auction
CORRELATION:-
1- Dxy losses recover from previous days causing gold to (range + bearish)
2 -us10 y recover its losses previous days causing gold to (range + bearish)
3- cpi and ppi data cool down effect
4 - No major news to make dxy $$ bearish until end of week( important point )
5 -Silver local top adding confluence as well
6- Gold vs silver ratio ( above 80 ) meaning very high demand for gold in metal industry
7- new war or tension news is expected to give gold strentgh soon( in macro picture )
ASTROLOGICAL ASPECT:-
as per astrology we are bullish on gold untill 21st of may ( approximate date)
what will happen after that ? ? will gold fall ? will gold rise ?~
Stay tuned with decrypters for the update
Thanks for reading the post and be with us till now , plz press like button if you like the post
"Regards Decrypters"
Trade closed: target reached
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