Analysis on #GOLD
Hello friends.
Be careful in the gold market, this chart to me is similar exactly to what happened in 2012.
We had the following in 2012,
We had a strong resistance level where traders sold or took profit at this level.
We had inflation fears bubbling up,
We had the FED stopped QE and was ready for tapering.
dose this looks similar to you to what's going on right now.
When the price of gold hit a historical high during 2012 the market never went back to test the high again and we saw a reversal and you can say gold entered a long-term bear market.
I am not saying do not long gold, I am just giving you my insight.
if this setup delivered value to you, like and comment
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Hello friends.
Be careful in the gold market, this chart to me is similar exactly to what happened in 2012.
We had the following in 2012,
We had a strong resistance level where traders sold or took profit at this level.
We had inflation fears bubbling up,
We had the FED stopped QE and was ready for tapering.
dose this looks similar to you to what's going on right now.
When the price of gold hit a historical high during 2012 the market never went back to test the high again and we saw a reversal and you can say gold entered a long-term bear market.
I am not saying do not long gold, I am just giving you my insight.
if this setup delivered value to you, like and comment
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
