TVC:GOLD   CFDs on Gold (US$ / OZ)
In my previous Analysis I have indicated that the daily structure is broken to the downside and expect a retest to 1910-15, then the price will go short. The market exactly did like I expected. I will link it for further reference. For now I think the price is ready to go lower but its not going straight, first we need to break that triangle and break bellow 1881-1878, then after retest I expect the price to hit the monthly and weekly target which is around 1830 according to Fibonacci. Meaning from here I will expect down, up and down. There is no opportunity to look for buy until the price break above 1934. Good luck my fiernds.
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Comments

Hey Harem ... Pelosi has given 48hours to settle stimulus ( Tuesday ) what would you expect from this IF it gets done ? Is the next stimulus factored in to the price ? Would we expect a spike and then decline when this news is confirmed ? Cheers Mate 🍻
+1 Reply
HaremRebwar Benny20AU20
@Benny20AU20 Hello benny with a huge possibility I think it will not going through until after elections because there’s a huge struggle between them and we are just two weeks away from the election date so it means for a short term US stock market will go down and Gold too. Then depends on who wins the elections if Biden wins the stimulus package will be even bigger so again for a short term US stock market will rise and then crush. Gold is the only asset that replace US dollar. For now this is my view about the market
Reply
Benny20AU20 HaremRebwar
@HaremRebwar, Okay

The markets have held up well in recent weeks and I did read somewhere that the Dow historically goes up leading into an election but I take your views onboard . The $US also seems to have a big bearing on Gold too so everything becomes very interesting leading up to the election and immediately after . I’ll be following your sediment closely . Thanks 😊
+1 Reply
HaremRebwar Benny20AU20
@Benny20AU20, with pleasure my mate
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Benny20AU20 HaremRebwar
@HaremRebwar, One other thing we need to keep in mind too Harem is that Trumpy loves a surprise and his erratic ways tells me we could be in for a surprise on the 11th hour ( Stimulus ) and it wouldn’t surprise me at all ...
+1 Reply
HaremRebwar Benny20AU20
@Benny20AU20, correct and agree with you we should deal with market more carefully than ever
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wish you all the best mr.Harem your are one of the best trader
+1 Reply
HaremRebwar sherwanibrahim099
@sherwanibrahim099, Thank you very much my dear friend
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So you mean next week maybe the price go down maybe between 1881-1878 then will go up ?
+1 Reply
HaremRebwar Almuqatea
@Almuqatea, going down 1881-1978 then up to around 1895 then down to the bottom
Reply
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