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ramynkarimi
Mar 6, 2024 10:35 PM

Bearish idea for gold starting coming soon  Short

GOLD (US$/OZ)TVC

Description

8 March fibo tcr zone for change the ecsturacture and down trand
Focuse the sell for gold

Good luck
Comments
Jarossh
Well, I'm still expecting to see those lower 18xx levels once again one day, but after what we all have been observing during last days I wouldn't bet immediate return... IMO just for fun it may hit (or may not) 2160, 2180, 2200... before any not even significant, but at least noticeable downside move takes place.
ramynkarimi
@Jarossh I am pleased with your comment The price drop is certain, and I used the harmony pattern and, as a result, made the time analysis on March 8, 2024. What he used as a confirmation is to confirm the price below the 2108 range hope of success
Jarossh
Hi, @ramynkarimi
Is this forecast still relevant and are you expecting trend reversal on Monday? With or without one more spike to e.g. 2220?
ramynkarimi
hello @Jarossh I am glad to hear your opinion I will continue the downward trend because buyers are closed from their purchasing power and we have warnings about the downward trend using volume data.
Jarossh
@ramynkarimi, thanks for your reply.

Maybe also sort of a seasonic factor, WDYT?

I've flipped through the daily chart looking for March 8th (+/- couple of days) over past years. Looks like maybe a truly magic date or something, but pivots happened pretty often:
2006 - took trend upward out of the flat, +$200 (for those yeards price level it's pretty much significant)
2007 - local correction (-$70) finished, upward trend resumed
2008 - ATH was taken and trend reverted for about a year
2009 - --
2010 - 2nd part of March took a trend out of the flat and triggered solid long lasting +$900 upward move
2011 - continuation of the 2010th momentum
2012 - CHoCH of 2-months long ascending trend by means of a daily -$100 candle at the first day of March
2013 - --
2014 - pivot point of 3-months trend
2015 - consolidation after -$150 descending trend and correction for +$80
2016 - --
2017 - end of deep correction, pivot point for ongoind trend continuation
2018 - middle of the boring 5-months long flat, however eventually a global trend changed direction (hard to relate witch specific decade of March however))
2019 - --
2020 - deep and fast -$250 correction with further upward trend continuation
2021 - change in 6-months long downward -$400 trend; not immediate, because pivot point was retested at the end of March, and then in August, but not lower than that and in general HHs were formed in new upward +$350 trend till...
2022 - ...till March 8th a year after when pivot happened and trend was broken violently producing new downward -$450 trend
2023 - double bottom formed, pivot point and exit from deep downward -$150 correction
2024 - (???)
ramynkarimi
hi there@Jarossh This time, it is likely that the fundamental reason for the temporary stoppage of the war between Hamas and Azzah will create a high pivot and break the latter, which in terms of price behavior will break the last valid floor, which is the 2158 range, which will be a confirmation of the price decline. Market Maker knows the exact entry time and price, you just need to be able to get it from the time slot, which requires a sophisticated level of training.
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