Gold is possibly imitating BTC/USDT Chart. As we have seen on BTC/USDT Daily Timeframe Chart before:
1) All time high
2) Weak break of structure, leaving possibility for money transfer.
3) Minor Weak break of structure, confirming liquidity inducement with a following drop in price from trapped bullish investors.
4) Change of character followed by a potential drop until demand price that has never been met by supply.
NFA
I have never seen Gold drop to such a low price in my lifetime and so at first glance assuming such theory might seem like an exaggeration, but as we have seen in financial markets, everything is possible and so it wouldn't be so absurd to leave room for such analysis.
This information is not meant to be financial advice.
Any decision to exploit this analysis/information will be at your own free will acknowledging all risks of losing.
1) All time high
2) Weak break of structure, leaving possibility for money transfer.
3) Minor Weak break of structure, confirming liquidity inducement with a following drop in price from trapped bullish investors.
4) Change of character followed by a potential drop until demand price that has never been met by supply.
NFA
I have never seen Gold drop to such a low price in my lifetime and so at first glance assuming such theory might seem like an exaggeration, but as we have seen in financial markets, everything is possible and so it wouldn't be so absurd to leave room for such analysis.
This information is not meant to be financial advice.
Any decision to exploit this analysis/information will be at your own free will acknowledging all risks of losing.
