meszaros

XAUUSD before 11% increase...

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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16
XAUUSD before 11% increase. I assume that the exchange builds a first wave of a rising triple wave structure. This wave structure can be symmetrical to the wave axis (green line). Its size is similar to the wave A for movement. If my analysis is correct, then the price target price is 1421 usd. I refer fundamentally to Captain Walker's analysis (https://uk.tradingview.com/chart/US30USD...) fears of inflation rather than financial uncertainty.

Comments

Thanks for yet another brilliant analysis, and for referencing mine.

I think Gold is gonna surprise loads of people with probable moves north as you indicate. Gold is GOLD! The people - can attach their value to this thing as they wish, just like cryptocurrencies - even though it may be priced in US Dollars. After all it has to be priced in terms of some fiat currency, ultimately.

With the 'money printing' presses being cranked up globally over the next few months, I can expect ordinary folk to reach to Gold as their true and time-honoured safe haven. If history proves us right, we shall see rapid expansion of price to the north.
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