Reasons for TP of 23.0:
- Bearis head and shoulders formation.
- 38.2% Fib retracement from March 2020 bull run.
- Dual pivot of Daily P and weekly R2
- Recent parabolic uptrend unlikely to have reached full retracement
- Demand level here to be potentially retested
Reasons for stoploss and invalidation:
- DXY trending downwards.
- Covid market uncertainty and...
Central banks continue suppression.
Monetary system collapse in 2028.
Gold and Silver finally take off in price due to irreversible hyperinflation.
You have been warned. You have 8 years left to keep stacking.
(not financial advice)
Target price reasons:
TP1 - 24.0
-1D Kijun Sen support
-high volume support level
TP2 - 22.8
-38.2% fib level retracement from low in March 2020
-volume supported level
-Dual pivot zone of Daily P Pivot + Weekly R2 Pivot