GOLD PREDECTION
MY last all analysis are sucessfull.
Gold has entered the 1730 - 1740 Profit Taking zone for Investors, which is the first one on current new Selling Wave and as discussed last Week, it would be optimal for Short-term Traders to have pressure points which they will later use, and re-engage only after 1722.80 breaks,
thats the strongest support right now (Technically). Fundamentally, Gold is strong Sell option and Buying on such landscape could be disastrous for one’s capital. Powell’s speech this week didn’t brought anything special as the speech was idle without creating more uncertainty on the markets. With the Hourly 4 chart RSI having been rejected at 70.000 on the December 2, the current Selling sequence resembles more and more the last strong rebound of October - November . Halfway before it’s Top, this rebound pulled back to test the Hourly 4 chart, so Technically I can't ignore this possibility before Gold eventually hit the Hourly 1 Support. Mentioned variance could Technically be possible, but with all Fundamental factors, chances of Gold testing the 1766 Resistance are small and almost equal to zero.
ZONE i have mentioned that will be benefical for investors to enggage entries using along with bollinger bands .
all the entries should be applied if all entries rules are applied.
Gold has entered the 1730 - 1740 Profit Taking zone for Investors, which is the first one on current new Selling Wave and as discussed last Week, it would be optimal for Short-term Traders to have pressure points which they will later use, and re-engage only after 1722.80 breaks,
thats the strongest support right now (Technically). Fundamentally, Gold is strong Sell option and Buying on such landscape could be disastrous for one’s capital. Powell’s speech this week didn’t brought anything special as the speech was idle without creating more uncertainty on the markets. With the Hourly 4 chart RSI having been rejected at 70.000 on the December 2, the current Selling sequence resembles more and more the last strong rebound of October - November . Halfway before it’s Top, this rebound pulled back to test the Hourly 4 chart, so Technically I can't ignore this possibility before Gold eventually hit the Hourly 1 Support. Mentioned variance could Technically be possible, but with all Fundamental factors, chances of Gold testing the 1766 Resistance are small and almost equal to zero.
ZONE i have mentioned that will be benefical for investors to enggage entries using along with bollinger bands .
all the entries should be applied if all entries rules are applied.
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