salvanost

salvanost

Lebanon war seen as NEW WAR so we will see high-record gold, crypto, SPX, and other commodities related to Middle East the cons of this new chart is every war (Ukraine, Gaza, Lebanon) always make bullish trend signal in the first 1-2 week

salvanost

just a precaution, maybe retrace down after 2650-2670$ because 1. untested support 2. left side fibo maxed 3. RSI maxed no solid TA on this chart just a small possible risk

salvanost

there is resistance from 2613-2616 last resistance before 2634-2641

salvanost

73 should become resistance to drop to 53 or 58 but it still possible hit 77,78,79 still in my opinion today will make red candle again that's why monitoring 53 and 58 I don't mark 64, but 64 also important zone support

salvanost

retest 64 done, retest 77-78 again daily still red as long price under 85 next daily can still bearish trend again

salvanost

for me the key of long term PA based on how low the drop from 2nd daily red candle as long 82 resistance strong and 4H keep making red candle momentum still bearish the problem with gold for months indicator keep floating sideway in mid zone but right now even with 82 retest still no bullish breakout signal either need above 85 as bullish breakout signal, or...

salvanost

monitoring all dojo resistance support on 1H 4h right now topped but daily not topped yet and weekly too

salvanost

failed to make 2518 as resistance next will see 2640 area testes possible to see 2744 or 2798, because no proper retrace down = strong bullish trend

salvanost

all FED cut rates = indicate a gold rallies later in next few years there is 2 FED cut rates cycle 1. FED like to cut rate to near 2% zone 2. FED like to cut rate near 0% zone

salvanost

no signal for recession no reason for cut rate time to retest support there a lot of support but 2445 for daily and 2412 for weekly

salvanost

gold will try to break 2514 because 2471 = bear trap 3 target if 2514 resistance broken I got 2600$ too but usually it after 2430 retest

salvanost

I will explain later why 46k might be a good buy but based on monthly BTC might keep dropping until US recession end

salvanost

monitoring 2514-2518 with support 2497 above 2524 IMO will hit 2560 but that just speculation because I still waiting 2480-2465 and 2430 support retest

salvanost

rule no 1: must drop under 2494 rule no 2: I just target 2465, 2430 just extra target to check my TA right or wrong

salvanost

got 2 support target 2444 and 2412 (I add 3$ to chart support) not confirmed yet but based on previous chart it depend on 2494 resistance remember this chart not valid yet, need 1 day to validate next 12hour crucial if still under 2494 better stay away from bullish trend

salvanost

ignore the support for now this is last chance for bull to break the resistance and continue to target 2600 zone beware of under 2494 zone, because its bearish zone or previous breakout zone (resistance become support zone)

salvanost

monitoring 2500 resistance and 2470-2472 support will explain in next comment update

salvanost

too many fake signal on gold... but weekly target 2700 I wont draw 2700 yet, 2620$ first