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hello gold traders. now I have two possible scenarios for the next bullish run of gold.
scenario 1: we have made the bottomed here around 1760 zone since here is gann fan 8/1 breakout line of the previous top in year 2011. you could check my post below to see it.
scenario 2: we will...
as you could see in the chart, daily structure is completely no hope mode since gold breaks the liquidity zone (1800-1820), we will see more drop coming this month. thanks to the intensity indicator, with the clear rejection of the intensity equilibrium line we are currently in a bearish market with no doubt.
here is my previous gold chart analysis, gold has...
I was expecting dxy to reach 95 and reverse down on nov 24th with a massive drop for gold in nov, however dxy failed to stay above the white trend-line on that day lol. Currently dxy is forming a falling wedge with potential target to 88 zone around mid-late Jan, which is also the timing that I think gold will fall again.
Daily chart starts to show bullish...
big wave 3 will finish at 1815-1824, or 1928, or even higher at 2014 in late August, then we will see the abc/12345 down to the mid/end of 2021. the last wave 5 up will shoot up in year 2022 with Jupiter in pisces.
the next super bull market for gold should be year 2022(Year Tiger), approximately starting from late December 2021 to Aug 2023.
for year 2020, look at what happened in 2008 then you will know the trend :)