Greetings community
The precious metal is YET to get more precious. With price set to decline from it's critical resistance, anticipate short's from $1800's to mid $1600's. Technically, within a descending channel, we can have anticipation of formation of a double bottom (W) at the demand zone which would then lead us to the all time high (ATH) above $2000.
Once false fiscal rumors and hopes are over, and uncertainty inevitably sets in, the metal will become more precious, and commodities will be the go-to safe haven for many; along with BTC & ETH for diversification.
Notes:
CPI
Inflation & Interest
Recession rumors
Notice the similarity of charts in all that are considered both traditional and modern safe havens... Coincidence? I think not.
The precious metal is YET to get more precious. With price set to decline from it's critical resistance, anticipate short's from $1800's to mid $1600's. Technically, within a descending channel, we can have anticipation of formation of a double bottom (W) at the demand zone which would then lead us to the all time high (ATH) above $2000.
Once false fiscal rumors and hopes are over, and uncertainty inevitably sets in, the metal will become more precious, and commodities will be the go-to safe haven for many; along with BTC & ETH for diversification.
Notes:
CPI
Inflation & Interest
Recession rumors
Notice the similarity of charts in all that are considered both traditional and modern safe havens... Coincidence? I think not.
Trade active:
BUY ZONE APPROACHING AT 1680.
SHORT PROFITS AT 120 POINTS FROM 1800.
SHORT PROFITS AT 120 POINTS FROM 1800.