update, upside of $100 will not FOMO me for buying and hoping for $2050 again
gold is being Vulnerable( below 20.50.100 MA) and below the Ichimoku cloud
not the best confirmation yet for a reversal,
$1440 to $1470 is the best point to buy as my second target after $1680.. In my opinion where the 1.618 exists.
it created double top and h&s patterns in the weekly, which means a few months of bleed for gold .
fed raising interest rate untill end of 2022 will push gold to 1470 level.
another reason is we created ABCD... but not yet E " Elliot triangle wave" which is a retracing pattern in TA
not a financial advisor.
for educational purposes only
gold is being Vulnerable( below 20.50.100 MA) and below the Ichimoku cloud
not the best confirmation yet for a reversal,
$1440 to $1470 is the best point to buy as my second target after $1680.. In my opinion where the 1.618 exists.
it created double top and h&s patterns in the weekly, which means a few months of bleed for gold .
fed raising interest rate untill end of 2022 will push gold to 1470 level.
another reason is we created ABCD... but not yet E " Elliot triangle wave" which is a retracing pattern in TA
not a financial advisor.
for educational purposes only