XAUUSD: 2500USD Aug/Sept 2020 BUY/HOLD IT(NEW)

23 Jul 2020

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XAUUSD: 2500USD Aug/Sept 2020 BUY/HOLD IT(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more UPSIDE
short-term and mid-term as well.

Feel free to review my outlook in DXY that I just
posted. Extemely bearish outlook, because US dollar
is losing value fast right now, because of the FED.
This will result in EURUSD hitting 1.2500+
and gold hitting 2500 USD + as early as August 2020.
Expecting massive volatility explosion soon.

🔸 Summary and potential trade setup
::: XAUUSD monthly chart reveiw
::: USD losing value fast now
::: FED printing too fast now
::: Produces inflations
::: Gold shines in inflationary environment
::: Projection is based on AB swing extensions
::: TP1 2150 USD TP2 2300 USD TP3 2450 USD
::: Also STRONG SEASONAL period for gold
::: We may hit those level August/September
::: buy any dips and hold it just use lower
::: leverage if you don't want to risk too much
::: recommended strategy: BUY DIPS
::: expecting HUGE UPSIDE from here
::: which makes sense cause FED is printing
::: insane amounts right now
::: GOLD will trade at 2500 USD at this rate
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS