-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
XAUUSD: 2500USD Aug/Sept 2020 BUY/HOLD IT(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG because I expect more UPSIDE short-term and mid-term as well.
Feel free to review my outlook in DXY that I just posted. Extemely bearish outlook, because US dollar is losing value fast right now, because of the FED. This will result in EURUSD hitting 1.2500+ and gold hitting 2500 USD + as early as August 2020. Expecting massive volatility explosion soon. 🔸 Summary and potential trade setup ::: XAUUSD monthly chart reveiw ::: USD losing value fast now ::: FED printing too fast now ::: Produces inflations ::: Gold shines in inflationary environment ::: Projection is based on AB swing extensions ::: TP1 2150 USD TP2 2300 USD TP3 2450 USD ::: Also STRONG SEASONAL period for gold ::: We may hit those level August/September ::: buy any dips and hold it just use lower ::: leverage if you don't want to risk too much ::: recommended strategy: BUY DIPS ::: expecting HUGE UPSIDE from here ::: which makes sense cause FED is printing ::: insane amounts right now ::: GOLD will trade at 2500 USD at this rate 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS ::: Sentiment outlook mid-term: BULLS