📉🎯 Short Gold Now: Targets $1850 & $1630 Under $2000 💰🔻
Beware, traders, for the gold market is teetering on the edge of a dark abyss. The latest analysis of the 1-hour chart reveals a terrifying negative divergence, a grim omen of impending financial disaster. This is no ordinary market fluctuation; it's a monstrous wave poised to engulf unwary investors in its destructive path.
XAUCAD 1hr:
XAUEUR 1hr:
XAUGBP 1hr:
XAUCHF 1hr:
XAUAUD 1hr:
Conclusion of the above 1hr charts: GOLD compared to all currencies are showing a powerful bearish signal (negative divergence). The sheep are getting lured to the slaughter house.
The attempt to breach the December 22, 2023, high was met with a chillingly indifferent response from the Relative Strength Index (RSI). This isn't just a red flag; it's a deafening alarm bell, signalling a catastrophic plunge lurking just beneath the surface. There's a sinister play at work here, luring naive buyers into a vicious trap, a market slaughterhouse disguised as a sanctuary.
For short sellers, this is not merely an opportunity; it's a critical lifeline in a sea of chaos. The looming market cataclysm demands a strategic, fear-driven approach. Brace yourselves and prepare to navigate through this financial tempest with these daunting targets:
Target 1: $1850, a figure now shrouded in the shadows of the coming storm.
Target 2: $1630, a more harrowing threshold, foretelling a brutal and ruthless correction.
This is a dire warning to all traders: only those armed with the courage to face this nightmare head-on and the wisdom to act swiftly will survive the horrific maelstrom about to be unleashed. Fear is your ally, guiding you through the treacherous waters of this gold market crisis.
XAUCAD 1hr:
XAUEUR 1hr:
XAUGBP 1hr:
XAUCHF 1hr:
XAUAUD 1hr:
Conclusion of the above 1hr charts: GOLD compared to all currencies are showing a powerful bearish signal (negative divergence). The sheep are getting lured to the slaughter house.
The attempt to breach the December 22, 2023, high was met with a chillingly indifferent response from the Relative Strength Index (RSI). This isn't just a red flag; it's a deafening alarm bell, signalling a catastrophic plunge lurking just beneath the surface. There's a sinister play at work here, luring naive buyers into a vicious trap, a market slaughterhouse disguised as a sanctuary.
For short sellers, this is not merely an opportunity; it's a critical lifeline in a sea of chaos. The looming market cataclysm demands a strategic, fear-driven approach. Brace yourselves and prepare to navigate through this financial tempest with these daunting targets:
Target 1: $1850, a figure now shrouded in the shadows of the coming storm.
Target 2: $1630, a more harrowing threshold, foretelling a brutal and ruthless correction.
This is a dire warning to all traders: only those armed with the courage to face this nightmare head-on and the wisdom to act swiftly will survive the horrific maelstrom about to be unleashed. Fear is your ally, guiding you through the treacherous waters of this gold market crisis.
Trade closed manually:
Resistance at $2070 has been broken. Now we have a bullish case.
Comment:
Overall, Gold is still heading below $2k. I still maintain this.
Again, the kingdom of heaven is like a merchant looking for fine pearls. When he found one of great value, he went away and sold everything he had and bought it.
