XAUUSD : This is a nice chart for GOLD lovers
This is a very funny chart.
Every time I see this, I will laugh a lot. Money, money money ............
Good luck guys.
Every time I see this, I will laugh a lot. Money, money money ............
Good luck guys.
Comment:
Distribution complete.
Perhaps one more final shakeout and that is it.
Good luck.
Perhaps one more final shakeout and that is it.
Good luck.
Comment:
Sell @ 2300
SL = 2400
TP = 1650
R/R = 6.5
SL = 2400
TP = 1650
R/R = 6.5
Comment:
2300/20
Comment:
As we all know, there had been 3 previous occasion when XAU peaked - 1980, 2011 and recently 2020.
We all know what happened later once it peaked.
Inflation adjusted, price of gold now need to be:
a) $2300 to match the 2020 peak
b) $2400 to match the 2011 peak
c) $2600 to match the 1980 peak
These are the key levels to watch.
Also note that the 'peaks' keeps getting lower since 1980.
Good luck.
We all know what happened later once it peaked.
Inflation adjusted, price of gold now need to be:
a) $2300 to match the 2020 peak
b) $2400 to match the 2011 peak
c) $2600 to match the 1980 peak
These are the key levels to watch.
Also note that the 'peaks' keeps getting lower since 1980.
Good luck.
Comment:
As anticipated, price reached the target @ $2300/20.
Will it move higher?
Of course it can, BUT the probability is VERY LOW - as long as DXY stays above 104.00 - Always stay alert with proper use of SL.
I would anticipated DXY to continue moving higher - commodity crushed - inflation falls.
Good luck.
Will it move higher?
Of course it can, BUT the probability is VERY LOW - as long as DXY stays above 104.00 - Always stay alert with proper use of SL.
I would anticipated DXY to continue moving higher - commodity crushed - inflation falls.
Good luck.
Comment:
Once volume drops below the demand zone, they should be finished.