2 technical indicators shows: bearish
gold may fall to the fib level of 0.618, = 1450'sh
1- double top
2- head and shoulders and neckline
makes total sense are covid fear pumped gold to $2000, and now with the high-cost borrowing ... housing and gold would be affected in the next 6-10 months (probably march2023).
not a financial advisor just updating you guys regard the gold chart.
will be buying huge position if we ever saw $1450-1490 by 2023.
peace!
1- double top
2- head and shoulders and neckline
makes total sense are covid fear pumped gold to $2000, and now with the high-cost borrowing ... housing and gold would be affected in the next 6-10 months (probably march2023).
not a financial advisor just updating you guys regard the gold chart.
will be buying huge position if we ever saw $1450-1490 by 2023.
peace!
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