XAU SWING LONG ANALYSIS
Updated
The DXY is officially OVER OVERBOUGHT
A freefall short to the next purple level is very much possible seeing as there is no resistance
so any break and continuation will be exploited
During times of economic uncertainty, as seen during times of economic recession, more people turn to investing in gold because of its enduring value. Gold is often considered a "safe haven" for investors during turbulent times. When the expected or actual returns on bonds, equities, and real estate fall, the interest in gold investing can increase, driving up its price. Gold can be used as a hedge to protect against economic events like currency devaluation or inflation. In addition, gold is viewed as providing protection during periods of political instability as well.
Source: Investopedia
SENNA SEASON
A freefall short to the next purple level is very much possible seeing as there is no resistance
so any break and continuation will be exploited
During times of economic uncertainty, as seen during times of economic recession, more people turn to investing in gold because of its enduring value. Gold is often considered a "safe haven" for investors during turbulent times. When the expected or actual returns on bonds, equities, and real estate fall, the interest in gold investing can increase, driving up its price. Gold can be used as a hedge to protect against economic events like currency devaluation or inflation. In addition, gold is viewed as providing protection during periods of political instability as well.
Source: Investopedia
SENNA SEASON
Note
Note
GOLD MIGHT RE TEST ENTRY SO I ADDED SOME SHORTSNote
Trade closed manually
trade closed im officially taking a swing shortNote
at $1921 im expecting this move to make a grand retrace so that is where i endNote
If u look at it with a line chart 1921 is where it retraced that said bullish contoniation coming soon
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