i_am_siew

XAUUSD : This is a nice chart for GOLD lovers

i_am_siew 업데이트됨   
FX_IDC:XAUUSD   골드 스팟 / 미국 달러
This is a very funny chart.

Every time I see this, I will laugh a lot. Money, money money ............

Good luck guys.
코멘트:
Buyers are exhausted.
Once volume drops below the demand zone, they should be finished.
코멘트:
Distribution complete.
Perhaps one more final shakeout and that is it.
Good luck.
코멘트:
Sell @ 2300
SL = 2400
TP = 1650
R/R = 6.5
코멘트:
2300/20
코멘트:
As we all know, there had been 3 previous occasion when XAU peaked - 1980, 2011 and recently 2020.

We all know what happened later once it peaked.

Inflation adjusted, price of gold now need to be:
a) $2300 to match the 2020 peak
b) $2400 to match the 2011 peak
c) $2600 to match the 1980 peak
These are the key levels to watch.

Also note that the 'peaks' keeps getting lower since 1980.

Good luck.
코멘트:
As anticipated, price reached the target @ $2300/20.

Will it move higher?
Of course it can, BUT the probability is VERY LOW - as long as DXY stays above 104.00 - Always stay alert with proper use of SL.

I would anticipated DXY to continue moving higher - commodity crushed - inflation falls.

Good luck.
코멘트:
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