Deleveraging Or The start of the end:
As shown in the picture at the date of 11 march 2020 the gold knew a massive operation of sales after the feds declaration of a massive quantitative easing program.
a lot of financiers Acteurs explain this drop by a phenomenon called Deleveraging so what is Deleveraging?
The term refers to the point at which a firm tries to...
The rising wedge is clearly evident but expecting a contrary to the expected normally bearish immediate breakdown from rising wedges, expecting a false breakout to the upside above the rising wedge to the 1707-1740 levels possibly prior to dropping significantly towards 1585. The current wave up is a wave 5 in a 3 wave intermediate sub sequence, after the short...
Gold against the Dollar Price have been taken over by Bulls on last week..from 1623 to 1690 it moves last week, Now this pair has formed a pattern which is similar to Head and shoulders, and prices in the area of Neckline of Head and shoulder pattern..It expected to be bullish to reach 1796, or set up strongly supports the bullish.
Price action technical analysis...
GOLD
Gold has rallied due to the spreading of the coronavirus.
And reached 1700.00 historical level
For the past one week its in consolidation phase
The fresh stimulus package from USA will strengthen the USD
We short the gold against USD from 1665 level which is currently a 61.8% Fibonacci level
And the potential take profit will be 1517.00
...
In this video, u will learn where u can open accurate entry GOLD ( XAUUSD ). Yesterday I told you that at $1649 it was a good buy place. This idea is for u if u opened buy at that level.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends push the like button if you like the idea - that would be the best THANK...
We still want to see Gold retrace to $1.400 this year.
Now there were a lot of fundamentals that heavily impacted this commodity lately. And pushed the price to new yearly highs, a lot of speculation involved.
Our view remains the same.
We don't see concrete signs of a recession, fed rate cuts are also not concrete, the COVID- 19 news is the only factor of...
Gold to dip & test support of 1563.
From there it could either bounce and continue it's climb or it could gain momentum and continue to fall to levels such as 1556 and 1547.
Thoughts?
Leave them down below and I'll get back to you!
I love discussing strategy! :D TVC:GOLD
![GOLD: [4HR] Gold to dip & test support of 1563.](https://s3.tradingview.com/e/eczaQJM3_mid.png "[4HR] Gold to dip & test support of 1563.")
