1739 top price game changer, long term target 1780 part1
if stuck at 1732-1734 I would bearish to 1705
on previous chart I said no expectation go above 1740
because gold need retrace down before targetting 176x area which is retrace to 1705 (or bull failed and we will see 1670)
but that change now with 1739 top price
bull sentiment stronger than I thought
I keep thinking for hours and the only conclusion I can find it will target 1780 area with expectation hit 1800 zone for bull
WARNING:
REMEMBER 27 July FED RATE HIKE BEARISH TREND
AND 28 JULY GDP GROWTH RATE REPORT (to determine recession or not)
I will make part 2 depend on 27-28 July price action
what the bear scenario?
drop under 1705 and target 1670 when hit 1670 next target would be 1640
on previous chart I said no expectation go above 1740
because gold need retrace down before targetting 176x area which is retrace to 1705 (or bull failed and we will see 1670)
but that change now with 1739 top price
bull sentiment stronger than I thought
I keep thinking for hours and the only conclusion I can find it will target 1780 area with expectation hit 1800 zone for bull
WARNING:
REMEMBER 27 July FED RATE HIKE BEARISH TREND
AND 28 JULY GDP GROWTH RATE REPORT (to determine recession or not)
I will make part 2 depend on 27-28 July price action
what the bear scenario?
drop under 1705 and target 1670 when hit 1670 next target would be 1640
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also based on old chart target 1780
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