XAUUSD- End of gold's growth cycle

11. Dez. 2023

Currently, gold has created a clear downward trend reversal
Please be patient and wait until it hits the above trend and then sell
Forex is easy to make money if your reason overrides your emotions ✊
Wishing you all a peaceful and lucky new week

downward trend
Support indicator: Decline
Technical analysis: down
📍Personal opinion: Reduced
- As I commented last week. Gold plunged beyond its 2000 forecast zone to $1,994 per ounce.
- Gold has completely exited the accumulation zone, with bearish information ahead of the FOMC meeting, highlighting the continued downside risk for gold prices.
-The trader can prefer selling at the current price range today or from 2010 he can wait for a safer sell zone in 2016.

12. Dez. 2023

Anmerkung

OLD last night fell to the 197x area just as I predicted. As for the current Price Frame, Gold is still on the selling side. But in Small Frames like M15>M30, there are slight Buy Signs.
At this stage, I will also buy up to the price 1988>1990 to sell again.
Today's trend is still on the Sell side. I will Buy Gold at the Price Above to Watch for Selling from 1992>1994
SL 1996
TP 1984>197x>195x.
Tonight there is news that CPI is very strong. It's very possible that Gold will decrease to 195x, everyone