Looking at the 3 month time frame we can clearly see a rising wedge. Could the gold bubble be about to burst? Bubbles are dangerous because the economy has been overstimulated, and once asset starts to sell off, the move down will happen fast. Bubbles crash because they go to such extremes by nature - when people are just investing in things because they're going...
A few weeks ago, I mentioned that the gold rally had come to an end. At the time, the price was at $1,970, and I expected the price to crash for the rest of the year. Well, the crash came much sooner than even I expected. Just last week, gold prices sank another 4%. And to put this into perspective. We have not seen this kind of gold crash performance since...
Expecting on bearish for 2023. Prices will slightly traded higher in the meantime since weakened in USD (refer DXY).
There is a bear flag in 4 hr time frame if old support breaks which i mentioned in the charts then price can go and tag the flagpole target. this is not a financial advice please do your own research before investing.
Historically from a technical view, Gold crashed its first "Bullish Flag", Interest rates aren't rising until next year gradually, Since I personally want to buy gold to hedge against inflation, If I had Big bank type of money, I would Short gold before the new year, before the interest rate increase to buy it at a discounted price... also COT Commercial is...
Hello everyone, gold is now clearly on a bearish trend with perfect head and shoulders formation more formation of the 3 (impulsive wave) of the down trend, it will reach 1750-1700 maybe lower as 1600 Im shorting at the correction and TP at 1750-1700 Good luck everyone
Gold is completing an expanded flat that is why it created a new top in 2020, and has already started wave (C) of the larger correction , that means Gold is extremely bearish in year 2021. I believe that Gold has already created base for the massive decline , and will move sharply down in next 2-3 months surprising most the people. Putting it out there to help...
If you see my previous analysis on gold we see I predict what it gonna happen in short term. Although i though it was a little correction to up strong. It was lateral in a time after do a big increase. If you see it broke completly the channel long term to do a completly new channel bullish. That happen when the curve of interest rate began to cross and it...
General Electric (GE) chart - No fundamentals here - it shows what might happen on chart in relatively short period of time. Similar to GOLD timeframe and market structure - pre 2007 on GE, what will be next?
XAUUSD will roll over from the current liquidity region, and bring price closer to the $1500 support floor. The $1533 psych level provides us with an ideal barrier for stop loss placement. Trade safe, manage risk, enjoy.