GOLD - BEARISH SCENARIO 📉Hello Traders !
On Thursday 16 May, The GOLD Price Reached a Strong Resistance Level (2399.695 - 2431.590).
Let's Expect The Bearish Scenario:
if The Market Breaks and Closes Below The Higher Low (2371.010 - 2378.610)
We Will See a Huge Bearish Move📉
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TARGET: 2304.000🎯
Goldusd
XAUUSD - 15m $20 fall opportunityThe XAUUSD (Gold) is currently displaying a bearish momentum, as evidenced by the highlighted zones of downward price movement.
The chart indicates that the price is forming a second leg of the downtrend.
Should this pattern continue, it is anticipated that XAUUSD will break below the $2400 support zone.
Traders should monitor this level closely, as a breach could signal further declines.
Gold Prediction(5/7/2024)in our last analysis, We had anticipated the price drop in gold. still, We believe the gold price OANDA:XAUUSD has more room to fall more.
As you can see the price made a sharp decline last week. after that during the week corrected, right now geopolitical matters seem calm so the market is shorting gold.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
My Gold Buying ZonesI see bounces from the same resistance line - But no large breakthroughs. To me, a strong sign of support at the fibonacci line of ~1684.32.
The next strong resistances I expect are around ~1834.88 and ~2078.25 respectively (~1834.88 would be a decent ~8.9% profit margin to sell if I wanted to play it safe.).
We could be in for a new ATH pump if we see a resistance break above ~2078.25.
No need to get spooked by a dip; Next fibonnaci support and trend support looks to be around ~1562.64.
This is not trading or investment advice .
Oh My Gold!- Everything is in graph.
- maybe Gold will start a new rise after BTC Halving.
" In a bearish market, investors typically prefer to buy gold, and at times of high inflation and market volatility, gold is considered by many as a 'safe haven' asset. "
- This was the definition of a safe heaven i found in Google, but this have no more sense in 2022..
- if you bought GOLD in 2011 ATH and sold in 2022, you would have made somehow zero benefits or lose your money because of lack of patience.
- How much money you would have made buying Bitcoin in 2018 ? ( no need to push the date to 2011..)
if you really want to know what is happening now, it's really simple and logic :
- The New Generation is impatient, they buy BTC and Cryptos, they take risks.
- They make much more money and faster money than buying a corrupted metal controlled by Governments ( Thanks to Nixon's Team in 1971 ).
- When Cryptos Bull runs burst to new ATH, smart peoples drop Cryptos to buy Gold, Rolex, Graphic Cards, and Lambos or RS7 ( a joke for my friend Baba )
- in a worst case of world war, it's much more simple to have a Ledger in the pocket than move with 50 Kgs of Gold in a bag.
- The New Money is in the Blockchain.
Happy Tr4Ding !
GOLD SELL | Idea Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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Gold is aiming for 2300-2350 zone!(4/2/2024)In our last analysis, the Gold price has been reacted to upper dynamic resistance. finally, buyers got the rope and broke above the upper dynamic resistance. Right now gold is bullish and buyers are buying in every dip.
We Are expecting the price to eventually reach into 2300-2350 zone this week.
Plus, we have NFP/Unemployment news this week.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GoId Next Vision - 26-03-2024Hey AII
I hope this emaiI finds you weII
Gold is currently in a good buying zone, but there's a different view. For my opinion picture it like navigating the Bermuda Triangle – mysterious and unpredictable. If it breaks down, it could drop to 2120.500. The price-to-earnings ratio (PE) is around 2178, indicating uncertainty. Yet, there's a solid support level (SL) at 2186.500. This situation offers both risk and opportunity, like finding hidden treasures in a maze.
Good Iuck and have a good day