Gold is currently trading around 494.92 RMB per gram in China as of July 25, 2023. Based on the technical analysis on XAUCNY showing we are currently in wave 5, subwave 4 of an upward trend, the prediction is that by January 2025, the price for 1 ounce of gold will reach 16575 RMB.
Given that 1 ounce equals 28.3495 grams, a price of 16575 RMB per ounce implies...
Looking from Angle of three charts of gold on XAUUSD based on dollar , XAUCNH based on Chinese Rinminbi and Tokyo Gold Rolling spot , I can see the false signals is not actually false , its consistent harmony from other angle. There always one way to see things different , I will keep posting about this harmony instrument to forecast Gold on Dollar and Euro ,...
After deep study looks like this oscillations in XAUUSD is based on XAUCNH , the gold based on the Chinese Renminbi Currency Offshore , SaxoBank advisors stated same. There is another resistance as shown , this is the base graph for harmony , rest is DXY based for what Trump tweets , obviously trade war not in favor of DXY , they have been long awaiting and...
