GOLD - WEEK 10
Right now I am writing to inform you we are in a global recession, it's inevitable and I'm calling it now ahead of your governing body in your country 4 to 5 months before they officially announce it.
GOLD will reach 2181 in the future but I will not be calling the point it will move to there from as GOLD is more sensitive to fundamentals then my face is to dior sauvage after a fresh shave.
With the implications of economic destruction from covid, inflated Oil prices and the sanctions Russia will impose it's a recipe for global economic fallout and you heard it here first!
Now in the short-medium I see GOLD pulling back to 1952 where I will look for bullish PA and breakout patterns for a long but I will need confirmation on higher timeframes to take a long as 1932 is also a possibility. GOLD will become choppy and have multiple fakeouts when it reaches it's new higher low. I will be in no rush to long, I will wait for the conditions to form my strategy to be met first.
GOLD will start respecting technicals a lot more once we see a deeper retracement and the confirmation of a solid new higher low.
Use the link below to stay in the loop!
Right now I am writing to inform you we are in a global recession, it's inevitable and I'm calling it now ahead of your governing body in your country 4 to 5 months before they officially announce it.
GOLD will reach 2181 in the future but I will not be calling the point it will move to there from as GOLD is more sensitive to fundamentals then my face is to dior sauvage after a fresh shave.
With the implications of economic destruction from covid, inflated Oil prices and the sanctions Russia will impose it's a recipe for global economic fallout and you heard it here first!
Now in the short-medium I see GOLD pulling back to 1952 where I will look for bullish PA and breakout patterns for a long but I will need confirmation on higher timeframes to take a long as 1932 is also a possibility. GOLD will become choppy and have multiple fakeouts when it reaches it's new higher low. I will be in no rush to long, I will wait for the conditions to form my strategy to be met first.
GOLD will start respecting technicals a lot more once we see a deeper retracement and the confirmation of a solid new higher low.
Use the link below to stay in the loop!
