Technical Overview: - GOLD $2000 TARGET🎆
Check out our previous posted analysis about XAU/USD
THIS WEEK ^
🎆High Time Frames - Updating our weekly analysis posted this week, we had mentioned that we would be seeing selling pressure from the zone marked, we had marked "SMALL $$$" which is where liquidity resting of buyers and the devil can smell this $$$
As anticipated, we had seen price use this $$$ as a fuel to the upside, while daily, weekly, monthly remain bearish, timeframe 1h has turned bullish.
🎡Smaller Time Frame -
Price is currently in a bearish POI, for us to enter again or get a new buy opportunity we need price to drop low for us to get in on this opportunity.
Our ideal levels are around 1670, would be considered discounted pricing.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
🛒 WHY IS PRICE THIS LOW?
Price was too high back in 2020 at the peak of $2000
This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price)
This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID)
Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Check out our previous posted analysis about XAU/USD
![COMEX - SMART MONEY ANALYSIS [$2000 LONG-TERM]](https://s3.tradingview.com/o/O42RAH7C_big.png)
![COMEX GOLD - NEAR OVERSOLD AREAS [$2000 LONG-TERM]](https://s3.tradingview.com/e/eQ2VKl7J_big.png)
As anticipated, we had seen price use this $$$ as a fuel to the upside, while daily, weekly, monthly remain bearish, timeframe 1h has turned bullish.
🎡Smaller Time Frame -
Price is currently in a bearish POI, for us to enter again or get a new buy opportunity we need price to drop low for us to get in on this opportunity.
Our ideal levels are around 1670, would be considered discounted pricing.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
🛒 WHY IS PRICE THIS LOW?
Price was too high back in 2020 at the peak of $2000
This was clearly overbought and the people who rallied gold are institutional banks (retail traders can not move price)
This was a huge move in the market at the time, this was fueled by the fear driven in the world at that time (COVID)
Due to the fact that price was overbought, banks needed to close their positions and liquidate retailers who bought in while driving price lower to enter on cheaper prices, it's like two birds one stone, when you have money you have power and us retailers are powerless to the banks.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
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