XAUUSD Gold : Gold's golden hour! Where are we going now? 11.5
Updated
During times of inflation (which now is more relevant than probably ever before) , the physical gains high potential and/or value.
Paper money, money on paper, stocks value on paper, etc.. becomes exposed to significant downside.
What is physical? Cash money, precious metals, property, electronic goods, merchandise, commodities and more
The recent drop on Gold did not change the yearly trend ongoing since 2018.
Higher lows are kept.
So why is Gold still dropping while inflation is surging?
Currently investments are liquidated due to fear, which is why in the short-term USD is gaining, but once fear subsides and entry is attractive (Support line of 4 years attractive, for example)
- Gold stands to gain significantly based on the fundamental idea of inflation and of course the technical trend since 2018 which is clear and simple.
Resistance levels to pass once retest of support trend-line is completed -
1860 , 1880 , 1897 , 1910 , 1918
A break of a close below 1830 may open the way to 1790 with a stretch, which is possible but much less likely.
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Thank you so much for reading, if you found my idea useful, please like and follow - It would mean a lot to me.
If there's anything you'd like to ask - Don't hesitate! I'm here to answer your questions and be helpful as much as I can.
Enjoy and good luck :)
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Paper money, money on paper, stocks value on paper, etc.. becomes exposed to significant downside.
What is physical? Cash money, precious metals, property, electronic goods, merchandise, commodities and more
The recent drop on Gold did not change the yearly trend ongoing since 2018.
Higher lows are kept.
So why is Gold still dropping while inflation is surging?
Currently investments are liquidated due to fear, which is why in the short-term USD is gaining, but once fear subsides and entry is attractive (Support line of 4 years attractive, for example)
- Gold stands to gain significantly based on the fundamental idea of inflation and of course the technical trend since 2018 which is clear and simple.
Resistance levels to pass once retest of support trend-line is completed -
1860 , 1880 , 1897 , 1910 , 1918
A break of a close below 1830 may open the way to 1790 with a stretch, which is possible but much less likely.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Thank you so much for reading, if you found my idea useful, please like and follow - It would mean a lot to me.
If there's anything you'd like to ask - Don't hesitate! I'm here to answer your questions and be helpful as much as I can.
Enjoy and good luck :)
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Trade active
The break below 1830 is currently ongoing! As expected 1797 was quickly reached.
Currently, as long as price is kept below 1830, there is a high probability of 1780-90
Trade active
Gold jumped from 1790 back to 1830 key resistance! Let's see what it does now, a break above would be very bullish.
Another test of 1790-1800 is possible but less likely
Trade active
1860 seems to broken and 1880 seems to be within reach :)
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