GOLD/EUR
Potential Big Wave incoming for GOLD Bat didn't work out very well, didn't it?
Now we have big big big red candle ripping through previous supply level.
Well, is it the end for Gold?
I don't think so.
We can see clear wave structure forming from the very bottom and it seems as though we are in potential wave IV.
Hence, here's our trading plan!
We will wait patiently for 1287-1293 area.
Any bullish sign occur hear might carry significance as we are in clear 3 wave structure which is the first leg of "Possible Flat".
If this wave breaks lower 1280's... Well that's another loss. But huge Profitability in this trade!
Good luck!
xau/eur bearish set upon the weekly chart, I see potential resistance zone marked out which has been tested several times so I am hoping price will be influenced by sellers hopefully and that selling pressure will be emitted due to psychological levels. Also this is in confluence with the downward trendline as well so I am hoping price reacts to that.
This is a position trade as well so this will take some time before price actually reaches take profit so patience is required.
Traders looking into this should go down on lower timeframes to check for entries/patterns to determine where to place trade.
Gold XAUUSD Bear run might occur! Alright these past 2 days have seen golds price run stagnate a little bit, and the time to blow off some off this bulls steam is now since we are due for a correction of some sort. Dont worry though because this is a healthy part of the market, and is expected. Now the last major level falls exactly on a FIB level near $1234. I expect this level to be tested in the coming few days and or up to a month. Also with Stock markets somewhat stabalising and the FED being a little more cautious about raising the interest rate, it is NATURAL and very EXPECTED to see gold's price decrease.
GOLD - Bullish wedge formingWE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher
If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos
Will they kill paper gold once and for all and make the world's fiat burn?
Phenix rises?
Debt has risen since 2011 why has gold and silver gone down? Fundamentals --> The market will return to fair value and the % increase in gdp to debpt should correspond with increase in gold if when paper manipulation ends / gets overwhelmed
GOLD - 2008 support tested - COT -> BullRunWe have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $
Buyers should come in here
Hard to justify a sell
Crazy divergence daily RSI
US dollar craziness
10/30 spread craziness
Stock market will not make new gains if gold continues to fall either
They have to make up their minds now --> FED
Gold - Fear, Uncertainty, Doubt(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)
1. You're told gold will moon.
2. Good news, news! It's dumping.
3. Gold price is fixed each day in London at those Rothschild bastard's headquarters
www.kitco.com
en.wikipedia.org
4. Gold supply is required for technology
5. Getting actual gold supply requires raising Wojack levels to suicidal
6. Yes, they will. It is considerably fun to them.
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