Description
⋅ This is an idea not an advice
- Currently forming head and shoulders so will see a minor pull back for now, unless current supports violated
- Looking to long on the fib retracement, can see Gold ultimately aiming back to around 1800 area as usual.
- 4 hours 25 EMA looking towards 1776 area
- Major VWAP around 1793
- MACD 4 hours shows possible transitioning to upside as well.
- Fundamentally most stocks under pressure of inflation + deflation
- Most investors scared to buy common stocks e.g s&p
- Gold as usual will be used as hedge against crypto and fundamental threats in long term