Moshkelgosha

Moshkelgosha

It seems gold is bored once again! In the last 2 years, gold repeated this several times!

Moshkelgosha

The answer is quite simple: til the presidential election in November! When you look at this more closely, and compare S&P 500, Nasdaq 100, US Dollar index,Euro, and Gold, you find out that all this happened because of wild money printing policies! On the other hand, the result of the election could push the break so hard and cause slide! According to History...

Moshkelgosha Updated 

NIO is forming a very similar wedge that could cause sharp drop to 10.50 or even 8.

Moshkelgosha

In daily chart, DXY has just exited from another accumulation pattern which means we will see another sharp 🐻 pattern! However, the most important thing is that DXY has just penetrated the 9 years trend line! We have to see how DXY is gone react to the trend line by the end of August 2020. This could facilitate higher Gold prices!

Moshkelgosha

Some people say NIO has a shot to become China’s TESLA..! In real world, they are not even close to TESLA, but in stock market, their performance has been as good as TESLA, since early 2020.

Moshkelgosha

Between Oct 2012-Feb 2014, Tesla stock price soared from 26 USD to 265 USD..! 10x in 15 months Between June 2019-July 2020, Tesla stock priced once again soared from 177 USD TO 1795 USD..! 10x in 13 months. Who knows,Maybe it is time for another sideway pattern!!!

Moshkelgosha

In the hast 50 years, you can see this is the 3rd time that Gold surpasses its previous historical high. In 1978, Gold had penetrated the 185 USD level, and reached 850 USD in 3 consecutive Bullish years. Then in 2008 Gold penetrated the 850 USD level, after experiencing eight bullish years and continued its way to 1920 in 2011. In the Late July 2020, Gold...

Moshkelgosha

No need to talk, they just printing money to keep the system alive! and they are doing it till November! But after that?

Moshkelgosha

We may see another 5-10% increase in Gold price in the next 3 weeks!

Moshkelgosha Updated 

If you look at the charts of major currencies in the world, it is obvious that the phenomenon today happened to US dollar vs Gold, has been started at least 16 months ago in Australian dollar followed by GBP,JPY,CAD (11months ago), EUR (7 months ago), CHF (4 months ago), and CNY (3 months ago). We have passed the verge of a currency crisis, and we are slipping...

Moshkelgosha

EURUSD has just came out a 12 years downward channel!

Moshkelgosha Updated 

Simply track the Gold behavior in the last 2 years!

Moshkelgosha

We can see the same pattern happens twice before! If it could close above the 200 days SMA, then the game is gone change!

Moshkelgosha

AFTER 1790, THERE IS ONLY 1923 AND THEN...

Moshkelgosha Updated 

SINCE AUG 2018 GOLD HAS HAD 6B BOLD MOVE FOLLOWED BY A CONSOLIDATION PATTERN. EACH LONG CONSOLIDATION PATTERN FOLLOWED BY A SHOR ONE. IT SEEMS THAT WE ARE IN THE MIDDLE OF A LONG ONE! DONT FORGET THAT THE LONG TERM VIEW IS STILL BULLISH!

Moshkelgosha

We should stay bullish unless this 20 degree channel fails!

Moshkelgosha

Bullish odds still outweigh Bearish odds in long term, but some sort term correction could happen.

Moshkelgosha Updated 

Euro couldn’t close above the first important resistance! But showed its potential For long term bullish trend. IMO: we see a pullback to the wedge border before starting a new rally!