Gold Monthly Chart Gold is bullish trend, and I strongly believe next year 2023 will be gold rally again, surely because deflation of the dollar.
2300
2300: TASI SAUDI PAPER MANUFACTURING CODescending Parallel Channel Breakout and Retesting
HH, HL, Confirmation of uptrend
Ascending Parallel Channel formation
Take the long position towards the bottom of ascending parallel channel
keep proper stop loss and enjoy the trade
Gold's longterm target is 2300+ Dollar Hey guys,
as always: everything relevant is attached on the Chart. I'm looking for a possible bottom here to hold my longs mid-long term, as I can see possible signs of a reversal. We bounced off the 70% Fibonacci Retracement at 1750 yesterday, which is likely to be the bottom of wave 2. Anyways I'm not excluding another leg down to 1729 which will be the best possible entry for me. If my count is correct we will see a lot of bulls stepping in within the next trading sessions.
Stay healthy & save
Raffa
More bullish potential for GOLD as we approach $1,900!Overall the next immediate target to the upside is $1,940-50 region before we can then look at $2,000 which is not to far away.
The dollar may have reached the bounds of its recovery limits after the index peered above 90.000, but could not sustain momentum long enough to establish a platform in the absence of any fundamental catalyst or reason in contrast to this time last week when US inflation data far exceeded expectations and spurred a more pronounced rebound.
Overall upside target from here is $2,300 long term.
BITCOIN:BTCUSD In the balance - let chart chart tell next moveBITCOIN: BTCUSD Bitcoin hanging in the balance right now and could tip either way. Best to keep an open mind so you're ready to follow this from here. Either way there are good trades here likely to open up but until Bitcoin can climb above 2300-2340 it remains at the mercy of bears
