Why did I stay bullish the whole time?

Updated

Target = $ 2700

Pattern = Cup and handle

Chart is self explanatory.


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Speaks for itself.

extremely bullish

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Correlation Between Gold, U.S. Dollar, & Bitcoin:

A stronger DXY tends to drive gold (BTC) prices lower and vice versa

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and Bitcoin!

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Economists said they found 186 banks that may be prone to similar risks!

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Who is the player?

Pretty clear!

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$ 2000 👍

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$ 2021 👍

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Trade active
Target = $ 2700
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Bearish is . . .
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Gold- Short term

Target = $ 2250

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Gold

Market maker:
China's central bank
Trade strategy: Run-to-failure (Pump- Dump)
Target: Unknown

***

Technical analysis:
Pattern: Diamond Top
Target: $ 2200

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Gold

I do me you do you!

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soon after

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Non-stop flow of U.S money into China's central bank

Target= $ 2200

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-2.27%

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Gold

-4.25%

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good luck
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Gold- Medium-Term (Fundamental)

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Gold- Elliott Waves + the news background (stay away from CNN)

Medium-Term:

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Long-Term

Jan 25, 2023 ($1930.84, this idea was made long before ...)

Target = $ 2700

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Gold- Short term

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Gold- Update, Short term

Target 1 = $ 2485 (it did)
Target 2 = $ 2471.32

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Gold- Update, Short term

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Gold- sell signal ($ 2455)

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good luck
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Gold-

Short term ----> Target 1, 2
Medium-term ---> the top is in (we may see a strong reaction- sell signal ($ 2455))
Long- term ---> $ 2700


***

Medium-Term (more evidence)

+$ 454.66

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Gold- Update, Short term

Target 1 = $ 2455
Target 2 = $ 2415

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Gold- Medium-term

Aug 2, 2024

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***

Sep 4, 2024 (what actually happened)

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The war in Ukraine is a war of attrition

Wars, CNN, rumors of wars, CNN, panics, CNN

here is what I imagine:

Zero steam! it's like 80-20 to the downside




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Gold- free fall

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Gold- Update

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Gold- did it go well? ;)


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Gold, -1.34%

Target 1 = $ 2455
Target 2 = $ 2415


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good luck
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Gold- Update

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reactions to U.S presidential debate!


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Gold-

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Gold- Update ($ 2630)

Investors react to fiery presidential debate + Federal Reserve will cut rates on Sep 18 (17-18) 2024

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Gold- Where is the top

?

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and so it goes
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Gold- signs
everywhere signs!

Wave C = 123.6% of wave A

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Resultant

(Long- term)

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good luck
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Gold- Short term

ZigZag

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Gold- Chop shop

Wave C

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Gold- It was at this moment that ... :)


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Gold- overbought


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Gold, 1833-2024

ABC (what seems abundantly clear)

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Gold- Short term (invalidation level)

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Medium-Term (Wave C = 123.6% of wave A)


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Gold- Bull Trap

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Bull Trap

(for what reason? )

they are making money from it

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(where is the top)

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Gold- watch out ($ 2611- $ 2630)

you are here

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good luck

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Gold- Update ($ 2630)


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Gold-

Short ($ 2615- $ 2630)

Target-1= $ 2575
Target-2= $ 2515
Stop = $ 2660

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Gold

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Trade closed: target reached
Someday you will thank me for this
good luck
GoldTrend AnalysisXAUXAUUSD

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