MMBTtrader

GOLD is dead (huge drop is coming 1747 and 1700)

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD in long term :

gold is getting weaker and weaker :
and creating lower high and lower low and continue to fall .
this time gold will created lower low too (lower than 1764 previous support)
so targets are :
a.1770
b.1747
c.1707

Trader comment below and let me know your opinions about this trade

previous gold trades are liked below
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Comments

It’s consolidating either way as the breakout in gold started in 2018. It depends on your time frame
+6 Reply
my friend. gold is not dead. in fact it is doing something it has done for over 20+ years nonstop in Q1.... it is testing the new yearly pivot. (and from the upside I might add) if you look back in history you might see what generally follows. I certainly wouldn't get too bearish here anyway
+3 Reply
Fuadmaya Gunslinger2005
@Gunslinger2005 what's your indicator bro?
Reply
MMBTtrader Gunslinger2005
@Gunslinger2005, first i open short around 1850--1836 and my stop loss are in profit and this trade is for yesterday and it is long term and one more thing 1700 is not dead its just lower low and it can fly again and this is used for topic to be certain and powerful
+1 Reply
hanabehnam MMBTtrader
@MMBTtrader, 👍
Reply
annamaehask Gunslinger2005
@MMBTtrader ur prediction is right.
Reply
MMBTtrader annamaehask
@annamaehask, thanks
Reply
great job! thanks for sharing
+3 Reply
MMBTtrader Mahtab_Tradia
@Mahtab_Tradia, most welcome
+1 Reply
Sorry I would have to disagree based on economics and the value of gold during times of duress and when the fed is printing money gold is accumulated as a hedge against inflation and the weakened dollar.
+2 Reply
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