We can see a lovely trend line formed on this 4H chart and also a strong support area ( red box ) our theory is that price will get pushed into this support zone by our trend line and then break our trend line around our support area.
This push will come from the weakening US economy, no mater what bulls#it the government and that idiot Trump try and feed you... a RECESSION IS COMING to an area near you ;p and if you are too blind to see that then you will loose everything leaving the people with there eyes open to benefit from dirt cheap house prices ;p
As the economy fails people rush out and invest in safe investments.... GOLD.
I'm not trying to scare you, just trying to help you see what is coming before it hits you in the face without warning.
Anyway, this is NOT a signal and just analysis... only use this if it lines up with your own analysis... And ALWAYS use correct risk management!!!
This push will come from the weakening US economy, no mater what bulls#it the government and that idiot Trump try and feed you... a RECESSION IS COMING to an area near you ;p and if you are too blind to see that then you will loose everything leaving the people with there eyes open to benefit from dirt cheap house prices ;p
As the economy fails people rush out and invest in safe investments.... GOLD.
I'm not trying to scare you, just trying to help you see what is coming before it hits you in the face without warning.
Anyway, this is NOT a signal and just analysis... only use this if it lines up with your own analysis... And ALWAYS use correct risk management!!!
Comment:
The push came sooner than expected... but still happened as predicted