He gets sick and does not die.. It is gold!
GOLD
Gold may give you a chance , so here's how to use it
“The market economy encourages hard work, not because it rewards the earnest, but also because it crushes the losers.”
In 2007, after the mortgage crisis, gold rose strongly from $710 to $1023, and it was the first time we saw gold with three zeros, and after about a few days and in early 2008 gold re-tested $700 with appropriate and clear evidence that it is a farewell test.
The same thing was repeated in 2011, and after the events of September 11, when gold rose strongly from levels of $1,200 to $1,900, due to economic conditions, but it was in conditions of years to test the level of $1,500.
The latest technical developments
The worst thing about the market is that reading may seem late, but the most beautiful thing about it is that it may give you a chance again.”
After gold fell to levels between 1910-1890, opinions were strongly conflicted and ambiguity prevailed in the market, to rise strongly from those levels to 1940. Let us tell you what we have from previous data similar to the following:
in the weekly time frame The 1912-1895 area is an aggregation area from which the price rose strongly after the banking crisis was evident in the states such as the bankruptcy of Silicon Valley Bank, and retested it in the previous week, then rose towards $1950, to return 1950 strongly towards 1940.
Conclusion in terms of fundamental analysis:
In view of what the states are going through several crises, and that we are at the end of the year (i.e. everyone is demanding profits), the economic decline, even if it is simple, will have a great impact, especially as it will reflect economic pessimism, and this is what makes gold prices rise in the medium and long term.
Technical abstract :
as we see the price consolidate under 1950 and this step will forces the price to formed a correction to 1912 - 1985 to make a positive impulse to rise up again as we mentioned in the chart.
Support line : 1912 , 1985
Resistance line : 195 , 1985
https://www.tradingview.com/x/6XZ0GBN1/
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Regards Araz Majeed
Gold may give you a chance , so here's how to use it
“The market economy encourages hard work, not because it rewards the earnest, but also because it crushes the losers.”
In 2007, after the mortgage crisis, gold rose strongly from $710 to $1023, and it was the first time we saw gold with three zeros, and after about a few days and in early 2008 gold re-tested $700 with appropriate and clear evidence that it is a farewell test.
The same thing was repeated in 2011, and after the events of September 11, when gold rose strongly from levels of $1,200 to $1,900, due to economic conditions, but it was in conditions of years to test the level of $1,500.
The latest technical developments
The worst thing about the market is that reading may seem late, but the most beautiful thing about it is that it may give you a chance again.”
After gold fell to levels between 1910-1890, opinions were strongly conflicted and ambiguity prevailed in the market, to rise strongly from those levels to 1940. Let us tell you what we have from previous data similar to the following:
in the weekly time frame The 1912-1895 area is an aggregation area from which the price rose strongly after the banking crisis was evident in the states such as the bankruptcy of Silicon Valley Bank, and retested it in the previous week, then rose towards $1950, to return 1950 strongly towards 1940.
Conclusion in terms of fundamental analysis:
In view of what the states are going through several crises, and that we are at the end of the year (i.e. everyone is demanding profits), the economic decline, even if it is simple, will have a great impact, especially as it will reflect economic pessimism, and this is what makes gold prices rise in the medium and long term.
Technical abstract :
as we see the price consolidate under 1950 and this step will forces the price to formed a correction to 1912 - 1985 to make a positive impulse to rise up again as we mentioned in the chart.
Support line : 1912 , 1985
Resistance line : 195 , 1985
https://www.tradingview.com/x/6XZ0GBN1/
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Regards Araz Majeed
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