Mohsen-Razavi
Historically, Gold has always reacted to the parallel channel, for more than 50 years. I think we have seen the ATH (2430) for at least the next 2/3 years, and big bears 🐻 will soon step in to dominate. First target: bottom of the channel (2138). TP2: 1960 TP3: 1620
The apparent falling trend line (3-hour candles) is now broken, but not retested yet. I expect an attempt to retest the 50800-50900 area, and then a sharp upward movement towards 54500-55000. DYOR 👍
Technically speaking, I see this giant ellipse which I believe encircles all the possible movements of the precious metal, approximately within the next 25 years. (900-1000 USD to 2000-2100 USD). Fundamentally speaking, gold needs "to gain its new ground in the new game". There have been thousands of changes; crypto, high-tech industries, men sending shuttles to...
In my previous analysis, I expected BTC to start an explosive trend from 38600 to +40K targets. (The position I took: lev. 25X @ 38600). As we can see on the chart, there are some signs of slow movement and fatigue right now, and I think it's time for us to close our long positions ✅ Sell not approved yet , wait for it 🚫
Critically important confluence zone. Resistance is broken; and so far, a single retest in 4h timeframe ✅ I expect some "shadows" in the critical 38600 area (1h and 4h timeframes), which is a significant confluence zone (rising curve, ascending resistance), and then, an explosive trend to +40 K. Get ready 💪 My current position: Long ( leverage 25X from 38655).
Look deeply...a massive short is coming, will see you all at 1830 area. I'm selling tonight, right after the opening of the markets (Asia Time). Short at: 1921 Area Stop loss: 1935 Take profit: 1833 R/R: 6.28
On the yearly timeframe, we're witnessing formation of a massive double top. A double in the area of ~1900 (±50). There's a high probability that Gold will move towards the neckline of this probable double top (1200-1300 area). Everything depends on the next few years: Strong breakout of the neckline (1200-1300), aligned with vigorous US funds and DXY in a good...
Clear breakout and retest on 15 min timeframe. Excellent selling opportunity.
2260 by 2022 ! as you can see; it's possible that we are dealing with a massive H&S formation. 3000 pips above the neckline !
Gold broke the dynamic support and then tried to revisit the area twice; both unsuccessful. So, retest is done - or probably retests are done- what's next? I think you all know !