Technical Overview: - COMEX GOLD $2000 LONG-TERM TARGET🎆
^ Check out our last week's posted analysis ^
Last weekly analysis we updated our targets and marked new selling pressure zone where we would be expecting price to be “overbought” within that range.
As anticipated, we had seen price sell off from our sell zones but never went In our buy zones..
If we were bears, we would look for sells within sell zones however due to the fact that institutions are long we are not interested in selling.
Technical Analysis: Bullishness
Fundamentals: Bullishness
COT Data: Bullishness
Institutional data shows banks had recently closed their short positions and recently opened new long positions adding to the overall dominant long positions.
This long positions were most likely opened in this zone marked in this analysis
Can we see price drop lower? Absolutely and it needs to before it can fuel to the upside.
We do not update our analysis frequently here on this site..
🎆HIGH TIME FRAME
While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better.
✨SMALLER TIME FRAME
We may see price continue it’s move to the upside as it is currently on a bullish buying pressure however our next entry needs to come lower.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation
![COMEX - SMART MONEY ANALYSIS [$2000 LONG-TERM]](https://s3.tradingview.com/o/O42RAH7C_big.png)
![COMEX GOLD - NEAR OVERSOLD AREAS [$2000 LONG-TERM]](https://s3.tradingview.com/e/eQ2VKl7J_big.png)
Last weekly analysis we updated our targets and marked new selling pressure zone where we would be expecting price to be “overbought” within that range.
As anticipated, we had seen price sell off from our sell zones but never went In our buy zones..
If we were bears, we would look for sells within sell zones however due to the fact that institutions are long we are not interested in selling.
Technical Analysis: Bullishness
Fundamentals: Bullishness
COT Data: Bullishness
Institutional data shows banks had recently closed their short positions and recently opened new long positions adding to the overall dominant long positions.
This long positions were most likely opened in this zone marked in this analysis
Can we see price drop lower? Absolutely and it needs to before it can fuel to the upside.
We do not update our analysis frequently here on this site..
🎆HIGH TIME FRAME
While Monthly, weekly, daily remain bearish, 4h has turned bullish.. we need to look at things more fractal meaning what is on the smaller time frames makes up the next time frame and just because we are bearish from higher time frames it doesn't mean that we don't have a buy opportunity.. matter fact it's better.
✨SMALLER TIME FRAME
We may see price continue it’s move to the upside as it is currently on a bullish buying pressure however our next entry needs to come lower.
🤫What do banks do and why?
Central banks sell hundreds of tonnes of every year but why? if gold is good why sell it? sounds dumb right? to keep you believing in currencies.
Former Chair of the Federal Reserve of the United States "Alan Greenspan" in testimony to congress (admitted) to manipulating the price of Gold .
he said "Central banks stand ready to lease gold in increasing quantities should the price rise" they suppress the price of gold purposely.
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation
