Gold probably being the most stable commodity to trade in 2022.
We know that the gold is a reserve for the USD and most investors will always look at gold when the stock and Indices markets are not doing well. We all have hopes that gold and silver will become the two commodities which will serve some ease to investors prior to the upcoming market crash. We see that gold has been on a uptrend for the past year or two always has a way to push price in equal and stable waves of buyers and sellers. We see monthly key levels always being respected and as soon as we see price either closing above the level we see a lot of confident buyers entering and respecting the level, inversely for sellers.
Reasons for long term Buy positions.
- We see that buyers have been confident with our 1810.00 Monthly key level being respected and no pressure or fundamentals have been able to break below this level. We see a lot of consolidation above this level creating a lot of liquidity for a huge buy to become evident in the coming weeks.
- We see price action becoming very small or slow as sellers were trying to push the market close to or below the 1810.00 but keep in mind we are at a KEY LEVEL and we always want to see price action playing out at key levels with a bais of the next possible move.
- The 1827.572 level being our liquidity zone filled with alot of sell positions that need to be cleared off the books associated with a large volume of buyers from the 1810.00 zone will be the only opportunity to wipe of those sells at the 1827.572 level.
- We will be targeting and adding more positions on the outlined blue and black horizontal lines.We will be seeing price move from one monthly key level to the next monthly key level.
-The trendline has been showing a strong upwards movement still being evident, NB; IF THE US DOLLAR INDEX GOES DOWN WE WANT TO SEE GOLD GOING UP AND INVERSELY.
Reasons for long term Buy positions.
- We see that buyers have been confident with our 1810.00 Monthly key level being respected and no pressure or fundamentals have been able to break below this level. We see a lot of consolidation above this level creating a lot of liquidity for a huge buy to become evident in the coming weeks.
- We see price action becoming very small or slow as sellers were trying to push the market close to or below the 1810.00 but keep in mind we are at a KEY LEVEL and we always want to see price action playing out at key levels with a bais of the next possible move.
- The 1827.572 level being our liquidity zone filled with alot of sell positions that need to be cleared off the books associated with a large volume of buyers from the 1810.00 zone will be the only opportunity to wipe of those sells at the 1827.572 level.
- We will be targeting and adding more positions on the outlined blue and black horizontal lines.We will be seeing price move from one monthly key level to the next monthly key level.
-The trendline has been showing a strong upwards movement still being evident, NB; IF THE US DOLLAR INDEX GOES DOWN WE WANT TO SEE GOLD GOING UP AND INVERSELY.
