In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path.
Chart pattern on weekly. I really like using higher time frames.
DXY ( U.S. Dollar Index)
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$ 2100
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We will see!
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Short term:
No comment
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Medium-term:
This market needs a correction (no new bad news!)
Wave c = 123.6% of wave a
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Gold- update
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We will see
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Gold- energy never lies
I am out
good luck
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Gold- Energy never lies
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Gold- Update
Target = $ 2200
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Gold
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Gold- Wave C > 0.618 of Wave B Target = $ 2200
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Gold
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Gold
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Gold- they are scrambling
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Gold Pump- Dump !
This can only mean one thing:
This Is the End
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Gold
Pump- Dump
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Gold Pump-Dump!
Did they run out of money?
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Gold - This Is the End
2012 (-45%)
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Gold- Update
-6.70%
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Gold- it's a trap
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For Sale :)
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Gold- Biden
a neutral signal to the market
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Gold- Update
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Gold
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Gold- I am still in cash & will not buy
good luck
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It's your last chance
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Gold- it could turn into a bloodbath
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No reason to cut
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Gold- Who drew this?
Bull?
No!
The Federal Open Market Committee (FOMC)
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Who drew this?
DXY (bullish) <-------> gold (Bullish) 👌 👏
Powell 👏 👏
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Gold- it could turn into a bloodbath
Update
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Gold- no reason to cut
Fed:
DEC 13 2023 ---> three cuts coming in 2024
MAY 25 2024 ---> Fed probably won’t be delivering any interest rate cuts this summer
JUN 12 2024 ---> only one cut coming this year
For the same reason
no reason to cut
****
Gold rises with U.S rate cut optimism
A failed breakout = a bloodbath
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Gold
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Gold
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Expect a Fed rate cut in September ... Fed rate cuts could start in July ... only one cut coming this year ... Fed rate cuts, Fed rate cuts, Fed rate cuts ...
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