Xyz3dtrading
Gold moving down < 2300 first? 13/June/24XAUUSD "sent" for "euphoria" after "better" than expected CPI report where traders expecting FED will cut rate soon BUT again the sentiment "changed" few hours after FED Powell's Come & play "Guesswork Games" restart again..So as today Core PPI? is all pre written script as people like "fairy tale stories"..
Gold possible < 2180 first before > 2500. 25/May/24XAUUSD possible forming a BIG base with deep footing (double three pattern) before rally. Price could reach 2180 +/- which is confluence a zone of : 1) Fibo extension 1.618 from wave W to Y (yellow circled) 2) Bullish Harmonic Pattern 3) 233 EMA (white) 4) Lower Support Trendline (blue) of wedge/ending diagonal pattern.
MYEG possible forming a triangle. 21/May/24MYEG strong support would be at 0.900 +/- if there was a triangle forming. Even EPF have "pull out" as 1 of major share holder BUT ChatGPT (copilot) still giving 1.33 for its intrinsic value.