YaKa

Gold - Big Picture Review

FX:XAUUSD   Gold / U.S. Dollar
4566 73 55

Locally - Up to 1350 seems to be in the cards.

The last few months could be a succession of bear trap and bull trap (now under way).

Long Term - Gold             shall increase - It makes sens from a fundamental and a technical point of view.

However, correcting to circa 900 is really a realistic scenario that makes sense from a fibonaci and an elliott waves perspective.

The Long Term fundamental bullish scenario holds true here - No discussion but it was holding true for a while already and has failed.

Until 1370 is cleared decisively - the correction is still at play...

Conclusion:
- Long now until 1350.
- At 1350 - Consider investing some of the proceeds into managing a short.
- If 1350 crossed decisively - Correction possibly over.
- If Gold             falls to 900 - buy very strategically and for the long term.
- If you are bull and keep longs through 1350 and you are right - Congratulations.
afbitcoins afbitcoins
Sorry don't know how to embed my image into a chart. To me it looks like gold vs US$ has already broken out of bear channel. Price is in log scale
Reply
jangseohee afbitcoins
1. the moment you click "reply", a box appear
2. you see that "lighthing" little box on right top
3. insert the url of your chart (if it has been posted)
4. if not been posted, click on the camera and a temporary URL will appear, copy it and insert here :-)
Reply
afbitcoins afbitcoins
Thanks very much, handy to know :)
Reply
jangseohee afbitcoins
welcome.. post it now :-)
Reply
afbitcoins afbitcoins
snapshot
Reply
3 months ago, i've only consider 45degree movement, it's my mistake i will take into account 60 & 30 degree movement.
The big red resistance line could be the party spoiler.. around 93.5-94, IMHO

Fed playing with Symmetry, Amen
Reply
In my Monthly channel is valid plus the cyclical look of it, i could see gold hitting lower channel of around 500 in 2031! IMHO
Reply
bull flag? or downtrend continuation?
snapshot
+6 Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out