Pull back to $3.76 Look to entry at these levels after confirmation of points below ( one scenario)
1. as. strength wanes
2. Dollar has a slight rally up and then EVN back down to consolidate
3. then Debt Ceiling anxiety brings gold price up
4. Debt increased to $$$ >34Trillion - Dollar looses more purchasing power - USD down $1.00??- ZIRP - rates down, down
5. EVN goes up with
GOLD up
6. Target $3.76
7. React to any other narratives -if trend still is our friend then next target $4.45 (Fib Ret 31.8)
1. as. strength wanes
2. Dollar has a slight rally up and then EVN back down to consolidate
3. then Debt Ceiling anxiety brings gold price up
4. Debt increased to $$$ >34Trillion - Dollar looses more purchasing power - USD down $1.00??- ZIRP - rates down, down
5. EVN goes up with
GOLD up6. Target $3.76
7. React to any other narratives -if trend still is our friend then next target $4.45 (Fib Ret 31.8)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.