XAU USD | GOLD | DECRYPTERS

GREETINGS people Welcome to "TEAM DECRYPTERS"

Lets Get to the ANALYSIS AND DECODE THE MARKETS ;)

FEW TECHNICALS TO CONSIDER :-

1- ELLIOT WAVE CORECTIVE STRUCTURE
2- DECEDNING TRAINGLE
3 - POSSIBLE H & S ON DAILY / WEEKLY
4- BEARISH ORDER FLOW
5 - SMC INDICATIONS FOW DOWN SIDE AS WELL
6- WE Expecting MONTHLY AS BEARISH FOR GOLD

FUNDAMENTALS IN FAVOUR :-

1- DXY TARGET 105 -107 ( So we Are Expecting Gold to Be Consolidating or Bearish )
2- We Are Expecting 1 MORE RATE HIKE OF 25 BPS So gold seems Bearish
3- Rate cuts Surprise Matter will Add Additional Fuel to it ( AS We Expect Rates to be Held MUCH longer At least MARCH - JUNE 2024)
4- Banks Still Need to Book profits on Their positions and also to get GOLD On Cheaper prices In order to USE As collateral
5- Risk of Recession Getting Lower can *PRICED OUT* The effect of Gold bullishness

FUNDAMENTALS FROM COUNTER BIAS :-

1 - BANKS RUNS / COLLAPSE CAN MAKE Counter Move-
2- "Margin call" ( No Data posting on this Matter)-
3 - Any Sort of Geopolitical Dis Order ( EXP :- WAR)-


NOTE :- We Can Retrace 300 - 400 PIPS ON Upside But it still Will be Valid (considering 1900 ISH level ) Hope it Helps you all in Your long Term view and Analysis
Beyond Technical AnalysisdecryptersDXYelliotwaveanalysisfedFundamental AnalysisGoldSMCWave AnalysisXAUUSD

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