for reading only, use at your own discretion
after my first attempt at predicting gold movement, this is my second:-
judging by the gold movement yearly and monthly I deduced that the high on September to be the peak for another few years if the traditional money movement still valid, if not we will probably seeing something different from what I deduced here such as using cryptocurrency as the new hedge or the restarting of the economy (refer crypto, and IMF 2021 plan)
with the world recession 2.0 is well underway (we are looking at 2021, if you think 2020 is bad.. 2021 will be even a bigger wave)
anyways back to gold movement.
(
the election + covid +end of the year profit taking (hahahaha) would see the selling off gold which will take it well towards 18xx (about 1800-1820) or even lower.
after my first attempt at predicting gold movement, this is my second:-
judging by the gold movement yearly and monthly I deduced that the high on September to be the peak for another few years if the traditional money movement still valid, if not we will probably seeing something different from what I deduced here such as using cryptocurrency as the new hedge or the restarting of the economy (refer crypto, and IMF 2021 plan)
with the world recession 2.0 is well underway (we are looking at 2021, if you think 2020 is bad.. 2021 will be even a bigger wave)
anyways back to gold movement.
(
the election + covid +end of the year profit taking (hahahaha) would see the selling off gold which will take it well towards 18xx (about 1800-1820) or even lower.
Comment:
and if gold are to continue its bear trend, the current dynamic support line is around 13xx zone
gold is still bullish longterm, unless it breaks my dynamic support, which at the moment stands at 1800-1780 zone