Gold could make 1948 as its peak. Buy in the dip!
Updated
Hi, everyone!
Long time no see..
as i expected there's no severe recession ahead until 2026,
just a few banks and tech startup companies collapsed but not causing a crazy global economic fraud like in 2008...
this time is much more like 1999-2003 dotcom bubble, yes economic activity might be a little bit struggling, but not as insane as 1929 or 2008
I think gold could make its third top (2072) or double top (1948) before its going down to 1000s.
According to my Gann Angle and Gann Level - Fibonacci Combo, at least gold will reach 1948 in just a few days. Best advice i could give to you was BUY IN THE DIP!
Gold still pretty strong because it is still running at average of 2x1 angle or 200pips/daily bar.
Trend changes will only occur when it reaches horizontal SnR (fibo was the most accurate, so far..) and 1x1 angle or 100pips/daily bar (the yellow diagonal line)
I did a color coding on the gann angle to make a fast recognition, strong angle as light green to dark green -- mid level as yellow -- weak level as light red to dark red
Also on the fib/gann level combo, i color coded 61.8 and 38.2 with yellow as an important level that mostly cause a reversal
So, lets break it down..
17/21 March 2023 (Most Important) - I expect the first 1948 top will happen at this day before the news release
22 March 2023 (Most Important) - A 5 days down after the fed's hiking their dollar interest rates, i expect a bearish bias bottoming at 1893 or 1909 or 1917. But sometimes people getting greedy and this could inverted.
27 March 2023 (Important) - I expect Gold has reach 1948.2 level -- but since its weekly stochastic didn't crossover yet, i expect a continuation with a slight reaccumulation at around that area. But because fed rate hikes, i don't know what's gonna happen next
28 March 2023 - Some 2 days of bullish continuation
That's my current expectation for future weeks ahead, i don't give any responsibility in terms of capital loss or etc cuz i could be wrong
Trade safety, and Cheers!
H. Haidar
Long time no see..
as i expected there's no severe recession ahead until 2026,
just a few banks and tech startup companies collapsed but not causing a crazy global economic fraud like in 2008...
this time is much more like 1999-2003 dotcom bubble, yes economic activity might be a little bit struggling, but not as insane as 1929 or 2008
I think gold could make its third top (2072) or double top (1948) before its going down to 1000s.
According to my Gann Angle and Gann Level - Fibonacci Combo, at least gold will reach 1948 in just a few days. Best advice i could give to you was BUY IN THE DIP!
Gold still pretty strong because it is still running at average of 2x1 angle or 200pips/daily bar.
Trend changes will only occur when it reaches horizontal SnR (fibo was the most accurate, so far..) and 1x1 angle or 100pips/daily bar (the yellow diagonal line)
I did a color coding on the gann angle to make a fast recognition, strong angle as light green to dark green -- mid level as yellow -- weak level as light red to dark red
Also on the fib/gann level combo, i color coded 61.8 and 38.2 with yellow as an important level that mostly cause a reversal
So, lets break it down..
17/21 March 2023 (Most Important) - I expect the first 1948 top will happen at this day before the news release
22 March 2023 (Most Important) - A 5 days down after the fed's hiking their dollar interest rates, i expect a bearish bias bottoming at 1893 or 1909 or 1917. But sometimes people getting greedy and this could inverted.
27 March 2023 (Important) - I expect Gold has reach 1948.2 level -- but since its weekly stochastic didn't crossover yet, i expect a continuation with a slight reaccumulation at around that area. But because fed rate hikes, i don't know what's gonna happen next
28 March 2023 - Some 2 days of bullish continuation
That's my current expectation for future weeks ahead, i don't give any responsibility in terms of capital loss or etc cuz i could be wrong
Trade safety, and Cheers!
H. Haidar
Trade active
I never expected gold and bitcoin would be this crazy..i suspected that the fed is printing more money
Note
Yeah, i think Gann Angles could also act and used as regression line but the actual usability of that thing, according to few books that i have read, it is actually provides diagonal support and resistance if applied correctly using Square of Nine calculation methodNote
See, 1 year passedGOLD Still runs on its slope
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