This here is our next swing position that we are entering within the Gold Fund for our investors. Our buy analysis has hit our TP (corrective phase) & now we are looking for the next impulse move to the downside.
⭕️ W - X Wave Complete. Wave Y Pending.
⭕️ Buying Momentum Slowing Down.
⭕️ 5 Impulse (Wave X) Move Complete to The Upside.
⭕️ W - X Wave Complete. Wave Y Pending.
⭕️ Buying Momentum Slowing Down.
⭕️ 5 Impulse (Wave X) Move Complete to The Upside.
Transaction en cours:
Our Gold position is still active & running in profits so far. Not expecting much market movement today as it is the last day of July, so price will remain stagnant. Also, how market closes today will say a lot about how the Gold market will move in the month of August.
Transaction en cours:
Gold dropping as predicted from our first analysis. Price so far is down 410 PIPS (2.09%) with much more downside expected. You can always DCA average and add more sell positions as price moves lower. Do so at your own risk🤞🏼
Transaction en cours:
We've seen a nice sell off in the commodities market to start the week, with Gold down 120 PIPS since market open. Gold is only 40 PIPS away from the psychological level of $1,900. This will be the lowest that the market has reached in the past month, further supporting our bias of market hitting our $1,870 target🦾
Transaction en cours:
Gold finally breached the psychological price of $1,900 & we are currently seeing price range around this zone. Sellers are running out of liquidity hence why the slow movements. I do see this choppy price action inducing a lot of new, early buyers into the market, before we see the FINAL leg down.
Transaction en cours:
Don't panic over this Gold bullish momentum. There's a lot of internal liquidity that had to be wiped as sellers were getting very choppy & momentum was slowing down. Also, if you refer back to yesterday's DXY analysis, you'd remember that DXY still has more upside to go, so this is where Gold will start spiking sharply to both sides & starting it's range.
