According to our analysis on DXY, gold will return to low prices at two points.
Either from 1965 or from 1987, which ends the second wave and begins the third wave.
The third wave, which is the longest wave, will continue until 1800.
With the statistics that have come, America will continue its contractionary policy in its economy and will try to increase the...
With what happened with CPI news, a new scenario happened.
DXY will go back up from the range of 100 because if the price goes below this number, we will witness a strange event in the American and world economy.
If we accept this scenario that this is the lowest price for DXY, gold will rise until around 1965, when the Fibo is 0.382, and after that it will...
I think 1.11600 can be the highest price that EURUSD can see and stop loss at 1.12000 can be safe.
Long term deal.
What do you think?
Let's talk in the comments
The possibility of a sharp drop in gold from 1935 to 1940.
The first target is 1900
The second target of 1885
The third target of 1860
Risk and capital management is your responsibility.
From the range of 1925 to 1935, you can buy gold with a stop loss of 1920.
With the price target of 1997 to 2000. If we see a weakness in the trend at the price of 1980, we save profit.
If you are low risk, close your position in 1980.