AaronHynninen

Gold (XAU/USD) - Analysis, Please DYOR.

Long
AaronHynninen Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Opinions are my own - This is not investment advice.

Reasons:

- Exuberant Hyperinflation
- Unsustainable U.S. Economic Bubble (DOW JONES)
- Excessive printing of USD by the FED (pumped into stock market)
- Lowest interest rates of all time
- Increasing War Tensions
- Gold price trend similar to the beginning of a bubble
- Western Panic (Stores selling out of stock worldwide)
- Largest investors in the world already bought (George Soros, Stanley Druckenmiller):
www.americanbullion....estors-in-the-world/

Countless other signs.

"News and events shall always arrive to justify the forecast."
Comment:
Sell updated to between $4K - 4.4K based on fibonacci (safe-area).
Comment:
Sell updated to between $4K - 4.2K based on fibonacci levels (safe-area).
Comment:
Major bullish uptrend is confirmed, price will continue to climb.
First sell point $2.8K - $3K (halfway fib), price will determine the 2nd.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.