XAUUSD Breaking News ( Gold is falling down very very soon) - Bloomberg Source: China is seeking the appointment of a Trump authorized representative to lead the negotiations with his backing, to help prepare an agreement that could be signed by Trump and Chinese President Xi Jinping when they meet. The source also told Bloomberg that other conditions include a clearer U.S. stance and a willingness to address China’s concerns regarding American sanctions.
XAUUSD Will history repeat itself for the 4th time? And gold reach $2075. • Since the mid-20th century, gold prices were trading around $34 per ounce. It felt as though prices were stable under the gold standard before it was abolished during Nixon’s era in the early 1970s, after which prices began to rise due to the decoupling from the dollar. • The first peak was at $196, then prices dropped by (50.0% - 61.8% Fibonacci) to a bottom at around $100. • The second peak was at $873, an increase of 161% Fibonacci, followed by a drop of (50.0% - 61.8% Fibonacci) to a bottom around $252. • The third peak was at $1921, again an increase of 161% Fibonacci, followed by a decline of (50.0% - 61.8% Fibonacci) to a bottom near $1047. • The fourth peak, expected according to the previous Fibonacci ratios and sequence, could be at $3300 (161% Fibonacci), and from there, a price correction of (50.0% - 61.8% Fibonacci) is likely, bringing the bottom near $2075.