Corrective Pattern at weekly timeframe, follow my DXY analysis for Long term and you will understand my call on gold, keep in mind this is long term target! Take it as a investment trade, go low lot sizes and hold
This target comes from all speculation Long on gold ( 80%+ ) corrective pattern also convinced everyone (who wasn't convinced yet for a perma bull trend on gold) but this is not true, at a recession, cash is allways king, not metals, and recession will truly begin soon, I expect DXY target of 112/115.
Good luck everyone, I tried short too early in past (june/july and got stopped out) (rising wedge bigger than expected) but this one will make up for all past trades
Im short again since 2047 and I keep adding, added again at 1990 and 1984 my first Tp will be 1820 but keep this target (1000/900 USD) in Mind
This target comes from all speculation Long on gold ( 80%+ ) corrective pattern also convinced everyone (who wasn't convinced yet for a perma bull trend on gold) but this is not true, at a recession, cash is allways king, not metals, and recession will truly begin soon, I expect DXY target of 112/115.
Good luck everyone, I tried short too early in past (june/july and got stopped out) (rising wedge bigger than expected) but this one will make up for all past trades
Im short again since 2047 and I keep adding, added again at 1990 and 1984 my first Tp will be 1820 but keep this target (1000/900 USD) in Mind