1885 upholds bulls resumption
Updated
On the left we have a wicked candlestick that potential can become a week fill over the span of a couple of months. Bigger timeframe clearly shows we in a huge bulltrend and as always gold can never lose its value to paper or digital money 💰. Every recession has a big move up and ever since gold was traded it's value hasn't decreased if you see where it started from Nixon's days. We have multiple continue patterns like rectangular/ triangular and a whole 🍵 formation. Best thing is to buy when Dollar performance is bad/ stock itself and yeild decrease as rates have to be
Increased to try and cool down recession the government itself makes to have a currency appear a valuable which never is because they can easily decide tomorrow they'll print money to hide debt numbers the accumulated themselves to keep people working to paying off bank loans. Cutting rates increases the likes of buying, meaning more people will look to buy houses etc. So higher rates means more inflation(pay more for its value) . Cut that and it reduces rates given by banks for cars homes so it's more attractive to pay a less fee on a good rate.
It's hard to know which way as it's stucked in the middle. Overall we moving up slowly compared to 2018/19
Increased to try and cool down recession the government itself makes to have a currency appear a valuable which never is because they can easily decide tomorrow they'll print money to hide debt numbers the accumulated themselves to keep people working to paying off bank loans. Cutting rates increases the likes of buying, meaning more people will look to buy houses etc. So higher rates means more inflation(pay more for its value) . Cut that and it reduces rates given by banks for cars homes so it's more attractive to pay a less fee on a good rate.
It's hard to know which way as it's stucked in the middle. Overall we moving up slowly compared to 2018/19
Note
Gold can retrace to 1922/1919 if bears are strong enough 1914. Price rose fast starting to fadeTrade active
Trade got kicked out coz I done a small SLIt never retraced assuming it's grabbing more sellers liquidity.
1930-32 was first one. Just sad I took out my 1902.50 which I traded with a 2:5$😂.
Anyway this is a sign my skill is growing.
New enter 1938-39 but if it retrace 1940
Meaning 1928-30 SL for 1967-70 break of that 2000-35 as stated I assume gold will see 3k-10k in the future which is a shit load of cash so don't be greedy when we find trends we position ours trades
Note
Bulls are sweating. This price seems to be priced in if so cpi going to turn stomachs on the whipsaw. Above 1930 is last hope as it's protects SL 1928. Below that opens up to 1922-1913Trade active
1934.67 entrytarget intraday 1945-52
Looking for 1940 to break and retest 1937
1957 is another but that's protected by MN bearish idea 1970 above that as indicated 2000-2030 me buying is like mining it physical just without the labour and machines. So if we like the mines the higher the better. So once we reach 1967.97 I'll positive SL on entries or 1950
Trade closed: target reached
Three intraday targets reached still holding since CPI came through. Usd news came out negativeNote
Buy zone 2020Support 2000/1930
Note
still possible above 2-21/2005
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