XAU/USD - WHERE IS BLOOD IN THE OCEAN? (SHARKS LOVE IT!)
Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
^ Check out our last week's posted analysis ^
Last week our GOLD analysis was updated twice on this website, usually we only post 1 weekly analysis and update on our platforms.
In our mentioned analysis last week, first one we mentioned that we would be looking for buy potential after taking out lows created tapping into our zone.
We had mentioned this very zone many weeks ago in our previously posted analysis but as we get closer it gets more refined.
It is not a surprise that we see this very zone react with this bullishness considering the fact the selling that had been taking place making this pair undeniably oversold.
We also mentioned a very key selling zone that we saw play out later in the week, seeing this sell coming we were prepared to fire off any bull-shots and we did on Friday from a smaller time frame perspective as intraday
🎆HIGH TIME FRAME
While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better.
✨SMALLER TIME FRAME
Currently bullish, we may see price take out the "FUEL" marked before seeing any sells or.. we just fall right down to our discount zones
we don't make price, we react to it.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
🛒 WHY IS PRICE THIS LOW?
Price was too high back in 2020 at the peak of $2000
This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price)
This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID)
Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation
![COMEX - SMART MONEY ANALYSIS [$2000 LONG-TERM]](https://s3.tradingview.com/o/O42RAH7C_big.png)
![COMEX GOLD - NEAR OVERSOLD AREAS [$2000 LONG-TERM]](https://s3.tradingview.com/e/eQ2VKl7J_big.png)
Last week our GOLD analysis was updated twice on this website, usually we only post 1 weekly analysis and update on our platforms.
In our mentioned analysis last week, first one we mentioned that we would be looking for buy potential after taking out lows created tapping into our zone.
We had mentioned this very zone many weeks ago in our previously posted analysis but as we get closer it gets more refined.
It is not a surprise that we see this very zone react with this bullishness considering the fact the selling that had been taking place making this pair undeniably oversold.
We also mentioned a very key selling zone that we saw play out later in the week, seeing this sell coming we were prepared to fire off any bull-shots and we did on Friday from a smaller time frame perspective as intraday
🎆HIGH TIME FRAME
While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better.
✨SMALLER TIME FRAME
Currently bullish, we may see price take out the "FUEL" marked before seeing any sells or.. we just fall right down to our discount zones
we don't make price, we react to it.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
🛒 WHY IS PRICE THIS LOW?
Price was too high back in 2020 at the peak of $2000
This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price)
This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID)
Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation
