Welcome to the Great Depression of 2020! Silver and Gold will not save you in your time of distress! This sucker will be going down, so don't be a sucker! Toto, I don't think we're in 1820 anymore! We're not returning to a Gold Standard, we'll see an EBT standard first!
Under $6K and there is risk of a move to test support near $3K
Such a beautiful rounded bottom on Gold Monthly. Even after the pullback last week (read corona crash!) it managed to stay the course. As long as it doesn't violate the ARC, it is headed for the previous highs. There might be some resistance but it should eventually break and go berserk! That is my view. Please do comment and let me know your views.
As restaurants, shops, airlines and factories shut down around the world, a global coronavirus-fueled recession is no longer a looming threat. It’s here. During the last downturn, I lost a lot of money, and I don’t plan on doing that again. So, it is an excellent opportunity to reexamine it all and turn it into lessons or personal reminders. One of Warren...
I think people will bail to cash USD will rise OIL will fall Markets will fall this is the GREAT GOLD prediction from MISS CLEO call me nowW!!!
Gold held above the 50% Fib level and horizontal support line, as expected in the previous gold chart, and saw its best daily gain today since March 2009 when the Federal Reserve expanded Quantitative Easing 1 during the global financial crisis. Price rallied +4.12% today from an opening price of $1,505 and closed at $1,567 on today's Federal Reserve announcement...
See this cup N handle pattern witch started out on a smaller time frame and gave us this breakout out. Bulls still fighting, however, the apex of the triangle is acting like a strong magnet. Breakout below 1641, still short from higher entry. Im monitoring both sides Bulls: want a breakout from handle Shorts: attempting to push below the handle
This is a continuation to our Gold trade back in May 2019. July 2020 will be when gold will start being back in demand. This sell off is mostly a result of cash strapped countries needing liquidity.
pure TA so the question is does Gold follow $WIP or $JPY as we can see the $DXY is very strong and I anticipate more strength in near future if you Follow WIP it seems to be the leader in Gold/JPY the recent rise in dollar and major drop in WIP indicates a bad sign for gold I think gold will follow WIP down along with the JPY as the DXY gets stronger I expect the...
Friday saw the price of gold close at $1,484, down -14% from the recent high of $1,704 made earlier in March. Price has fallen below the 38.2% Fibonacci retracement level and is currently testing horizontal support at $1,450, which stems from a price peak made in July 2019 and then tested and held as support in November 2019. This recent test of horizontal...
While STOCKS are at ATH! These are a 3-year HODL. Then buy equities when the blood is in the streets "well any company that's left standing, many will fail"
All description on the chart. Please, don't forget to like and follow. Thank you.
Oh boy, this is the most interesting chart that I'm looking at this morning as the gold/silver ratio spikes to new historic levels.
If drop lower than 1500 it can goes to 1200$. Printing won't help, printing is for stocks. In 2008 due the bearish mode gold fallen 30%. It needed 6 month to go up. so probably the moon mode after June.
highest 14 day ATR since 2015.. deflationary pressure from crude oil collapsing and the US dollar rallying higher is leading to a sell off in Gold prices..
Gold miners are clearly worthless now that gold is down 10% from the high. Does anyone know who planned this event?