I have came up with this highly detailed hypothesis on what i think GOLD XAUUSD can and will accomplish I will be updating this chart every few days if not then "Weekly" thank you guys and i look forward to the gains. (dont mind the giant red arrow to the ground with the comment Straight to the ground you never know it could happen but i doubt it!!!!!!!!!!!! 05/28/2023
NEW DAILY CLOSING SWING LOW
^Says it all. After not having enough strength to even reach the death cross of the 50 SMA over the 200 SMA, BTC is back down testing its lows. I think it's very unlikely that the ~30k area will hold the price up for a fourth time. With the 6th day of 9 just beginning on TD Sequential count, I'm looking for a 9 buy and reversal in the...
Previous view: Support zone was broken downward, confirming the bearish trend after 3 attempts. We were likely to test the low of the year @0.97200.
Actual view: We tested the low of the year and odds of a bear continuation remain high.
Possible targets: @0.96500 (+60pips) and @0.95500 (+170pips).
Advice: Stay bearish and sell at any highpoint while we...
