You cannot eat Gold, you cannot drink Gold, but you can buy Gold, you can wear gold, you can show off gold, and give to your kids when u die, that's why Gold is here...
i just like to post about Gold Market sometimes because it's slow and boring, normaly when economy goes down, Gold goes up. We are in that perfect case of "Safe Heaven".
Trading parts is interesting :
- So as you can see Gold Reached 2100ish got rejected and pushed back down around 1700ish - Gold TA is different than cryptos cuz of old market and some Pro Traders instutionals playing with big money, the pull back was exactly 38.2 Fibo Retracement ( or 61.8 it's same ). - Gold is cloturing May with a strong green candle. - Next Month Candle will be very interesting to look at, if we get one more month of Green it could confirm a strong bullish market and eventually a break down in Economy.
- if the timeline is respected we could see Gold Reach 2300-2500$ before the end of 2022.
i will post some older Gold Analyses following this chart. Feel free to comment!
@bestfarbit74, thanks bro! yeah right now cryptos not moving much ^^
Raxiyan
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In my opinion, we can see 2150 this year but the moment fed starts to increase interest rates or even starts talking about it, which i think will be sooner than expected, gold will be crushed.
thecryer
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@Raxiyan, yeah my analyses are based 100% on Technical Analyse, but for Gold Fundamental Analyse and news are very important factors to take in consideration. Cheers mate !