We are at a very interesting price point with gold and the worlds economy at this current time.
We have seen Gold prices reaching their highest levels since 2013 as all the big players have been accumilating the yellow precious metal. Where as silver has started to outperform the yellow metal, traders and Investors have began to realise the economic impact of...
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Here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
The Title Chart is a representation of the impact of each 1% change in the (SP500) VIX on various currencies' (and Gold; Bitcoin) to tend to more (or less) toward Risk (instability) or Safe Haven (stability) characteristics .
I.e. It depicts the relationship between market uncertainty and exchange rate movements of safe haven currencies (and currency...
On daily chart we can see that price has reach support trading line. the price has not gone below this line for 3 months and it is to be expected that the price will rise from this value as we are in the bull market. This is an opportunity to buy more SHA because we may not see this price anymore, given that the project behind this token is very valuable.
Everything that I wanted to say is printed on the drawing. In the past, during the jumps, investors were divided into holders of gold and holders of cryptocurrencies, because of this, the value of gold decreased, now I assume that the cryptocurrency will fall and a bigger part will take the side of gold -> gold will grow.
WIth Gold being under pressure this week, I am still looking for gold to continue to fall to the down side short term. However, long term I am still bullish. WIth all the money printing and failed monetary policy that is being implemented on a global scale; I am predicting Gold to rise to at least 2300 by 1st quarter 2022. Yes, we are some ways off, but I am more...
Had to go back and look at some old charts...
I'm excited for the coming weeks 🚀😍
-Micro EW (Green)✅
-Retrace to 0.618 (Macro EW 1) ✅
-EW Correction (Macro EW 2) ✅
-We are on our 3rd wave now, generally the biggest wave...
$VET $BNB #BSC $ETH $BTC
Other than one fat finger scam wick to a previous low... 🙄
A few keynotes:
-4hr MACD is oversold
-Retrace to 0.618
-Bounced and now above 200MA on 4hr
-Still within ascending channel
So are we going to reverse soon? 👀
The price of SHA is expected to rise from this point on. We saw a correction to the value of 0.382 Fibonacci retricement level that coincides with the place where the price was subtracted from the lower trading edge.
☑️As you can see from the chart
Gold is now experiencing the biggest correction in 3 years
The precious metal lost almost 20% of its value in 9 months
All that while the fed and the treasury keep pumping the system with dollar liquidity
S&P500 is setting new all time highs every week
And all other commodities and...
what's your view on Gold?
Are we at the beginning of an uptrend like the one started in 2008 following the Global Financial Crisis or
are we at the top already?
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Thank you for your support and for sharing your ideas.
Please note that I am not a...
GOLD is overall bearish, trading below our red channel but since it is approaching a strong support zone in green we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our upper red trendline is not valid yet, so we are waiting for a new swing high to form...