Gold back to Support

2021年12月2日

Hello, Gold did already test the upper big support zone but not the lower range of it.

I think we will see another test, this time to the lower support range ~900USD.
Currently we see Gold trading in a undecisive sideway range and we should soon break out which i expect to do so to the downside.
DYOR and please leave a like if you liked this :)

2021年12月4日

註釋

catalysts for this setup:

- booming stock market with better Return of Investment
- sinking demand/rising supply for gold since 2011 ( gold.org/goldhub/data/gold-supply-and-demand-statistics )
- Potential Competition from Bitcoin as Store of Value (personaly skeptic of this)

2021年12月6日

註釋

with sp500 recently going into a correction, gold may go up shortterm.
There could be one more stop loss hunt in this area. Im going short in red zone.

2021年12月14日

註釋

Potential Resistance on inflation-cleaned Gold Chart.