💰📉 Zodiac's Influence: Gold Eyes $1850, Plummets to $1630 🌟🎯
On December 22nd, there was a change in the Zodiac sign which revealed the manipulative tactics of the market makers. They artificially inflated the market by luring unsuspecting investors into thinking the market was bullish, thereby creating liquidity. However, by the end of the day, their true intentions were exposed as the price of gold sharply dropped, rejecting the high of $2070.
See 22nd December 2023 Analysis here:
By just holding above $2070, the game would have been completely different, and the setup could have turned out to be highly bullish. It's amazing how such a small decision could have such a huge impact on the outcome.
Why is Friday’s close important?
It is significant on the Zodiac calendar and can create a strong trend in either direction for multiple days.
Gold 1hr chart: Rejection on the 1hr chart
Based on the latest market analysis, it is highly likely that we will experience a bear market that will last for several days or even weeks into the new year. It is important to take this information into consideration when making any financial decisions to ensure that you are well-prepared and have a solid strategy in place. Don't let this news discourage you, instead, use it as an opportunity to assess your current investments and make any necessary adjustments to position yourself for success in the long run.
Target 1: $1850
Target 2: $1630
How do I trade this?
Let me tell you a story:
The Parable of the Ten Virgins
1 “At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. 2 Five of them were foolish and five were wise. 3 The foolish ones took their lamps but did not take any oil with them. 4 The wise ones, however, took oil in jars along with their lamps. 5 The bridegroom was a long time in coming, and they all became drowsy and fell asleep.
6 “At midnight the cry rang out: ‘Here’s the bridegroom! Come out to meet him!’
7 “Then all the virgins woke up and trimmed their lamps. 8 The foolish ones said to the wise, ‘Give us some of your oil; our lamps are going out.’
9 “‘No,’ they replied, ‘there may not be enough for both us and you. Instead, go to those who sell oil and buy some for yourselves.’
10 “But while they were on their way to buy the oil, the bridegroom arrived. The virgins who were ready went in with him to the wedding banquet. And the door was shut.
11 “Later the others also came. ‘Lord, Lord,’ they said, ‘open the door for us!’
12 “But he replied, ‘Truly I tell you, I don’t know you.’
13 “Therefore keep watch, because you do not know the day or the hour. Matthew 25:1-13
Lesson:
1. All the virgins knew that the bridegroom would come, but some still failed to meet him.
Meaning: While it is possible to analyze market conditions and forecast the direction in which they are likely to move, it is important to remember that this alone does not ensure profitability.
2. Only the wise virgins who planned and prepared for whatever scenario happened were able to meet the bridegroom.
This means that only traders who plan and prepare for whatever scenario plays out on their way to the target will benefit from it.
I will stop here and not go further, I personally do not day trade. I am a swing trader and I am taking this trade under proper risk management. It’s not in my position to tell you how you take your trade.
See 22nd December 2023 Analysis here:
By just holding above $2070, the game would have been completely different, and the setup could have turned out to be highly bullish. It's amazing how such a small decision could have such a huge impact on the outcome.
Why is Friday’s close important?
It is significant on the Zodiac calendar and can create a strong trend in either direction for multiple days.
Gold 1hr chart: Rejection on the 1hr chart
Based on the latest market analysis, it is highly likely that we will experience a bear market that will last for several days or even weeks into the new year. It is important to take this information into consideration when making any financial decisions to ensure that you are well-prepared and have a solid strategy in place. Don't let this news discourage you, instead, use it as an opportunity to assess your current investments and make any necessary adjustments to position yourself for success in the long run.
Target 1: $1850
Target 2: $1630
How do I trade this?
Let me tell you a story:
The Parable of the Ten Virgins
1 “At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. 2 Five of them were foolish and five were wise. 3 The foolish ones took their lamps but did not take any oil with them. 4 The wise ones, however, took oil in jars along with their lamps. 5 The bridegroom was a long time in coming, and they all became drowsy and fell asleep.
6 “At midnight the cry rang out: ‘Here’s the bridegroom! Come out to meet him!’
7 “Then all the virgins woke up and trimmed their lamps. 8 The foolish ones said to the wise, ‘Give us some of your oil; our lamps are going out.’
9 “‘No,’ they replied, ‘there may not be enough for both us and you. Instead, go to those who sell oil and buy some for yourselves.’
10 “But while they were on their way to buy the oil, the bridegroom arrived. The virgins who were ready went in with him to the wedding banquet. And the door was shut.
11 “Later the others also came. ‘Lord, Lord,’ they said, ‘open the door for us!’
12 “But he replied, ‘Truly I tell you, I don’t know you.’
13 “Therefore keep watch, because you do not know the day or the hour. Matthew 25:1-13
Lesson:
1. All the virgins knew that the bridegroom would come, but some still failed to meet him.
Meaning: While it is possible to analyze market conditions and forecast the direction in which they are likely to move, it is important to remember that this alone does not ensure profitability.
2. Only the wise virgins who planned and prepared for whatever scenario happened were able to meet the bridegroom.
This means that only traders who plan and prepare for whatever scenario plays out on their way to the target will benefit from it.
I will stop here and not go further, I personally do not day trade. I am a swing trader and I am taking this trade under proper risk management. It’s not in my position to tell you how you take your trade.
Comment:
Please note the market is a SELL
Again, the kingdom of heaven is like a merchant looking for fine pearls. When he found one of great value, he went away and sold everything he had and bought it.
