Hi People Welcome To Decrypters
Last Friday :- Due to News DXY covered Already some losses from Last week
Monday :- will be A recovery move with Respect to Friday Move
Over All it was profit taking move , Not a selling move ( Which SURELY can continue more down side )
It Doesn't mean though you can't sell ,GOLD is Over all bullish in LONG TERM IN EVERY HTF CHART ,SO more positions will be Added on the Down side
(We also added link to previous Analysis as yo can see we posted Analysis before news the 5th wave "SHOULD "be "COMPLETED")
Related to previous Analysis :-
The corrective A wave was played
B will be played as retracement to the Up side
C will be continuous move to the Down side
Fundamentals :-
1- Banks need to buy At Discount
2- They need to close longs for profit taking
3- Banks Effect is already Suppressed for now
4- USD will be save by FED for shorter Term ( AT LEAST FOR 6 - 12 WEEKS OVER ALL )
5- Coming Recession should give GOLD A Down Move As well
IMP SIDE NOTE :- We told you in previous Analysis till 12 APRIL GOLD is in buying Scenario , NOW WE Are telling you to look more in to sells "OVER ALL " ( There will be up Days for sure over all it will be down side in coming 6 - 10 Weeks )
ALSO note The Analysis of APRIL 10 will give you Clear IDEA of whole 6 - 12 Weeks if you read and unds all info you'll be benefited for sure
Last Friday :- Due to News DXY covered Already some losses from Last week
Monday :- will be A recovery move with Respect to Friday Move
Over All it was profit taking move , Not a selling move ( Which SURELY can continue more down side )
It Doesn't mean though you can't sell ,GOLD is Over all bullish in LONG TERM IN EVERY HTF CHART ,SO more positions will be Added on the Down side
(We also added link to previous Analysis as yo can see we posted Analysis before news the 5th wave "SHOULD "be "COMPLETED")
Related to previous Analysis :-
The corrective A wave was played
B will be played as retracement to the Up side
C will be continuous move to the Down side
Fundamentals :-
1- Banks need to buy At Discount
2- They need to close longs for profit taking
3- Banks Effect is already Suppressed for now
4- USD will be save by FED for shorter Term ( AT LEAST FOR 6 - 12 WEEKS OVER ALL )
5- Coming Recession should give GOLD A Down Move As well
IMP SIDE NOTE :- We told you in previous Analysis till 12 APRIL GOLD is in buying Scenario , NOW WE Are telling you to look more in to sells "OVER ALL " ( There will be up Days for sure over all it will be down side in coming 6 - 10 Weeks )
ALSO note The Analysis of APRIL 10 will give you Clear IDEA of whole 6 - 12 Weeks if you read and unds all info you'll be benefited for sure