Gold ATH + Clear Divergence + overbought Levels
Gold have been witnessing unrealistic demand due to geopolitical instability, economic reports indicating conflicting indicators, and DXY getting impacted by NFP and CPI report.
I see this scenario as the optimal one reflecting the true natural reaction of a long bull run. Which contradicts some unrealistic posts assuming gold going to 3000$ and 4000$ levels. I keep on wondering about where there IQ levels is getting better or worsening. I don’t really care but to share some logic and sane technical analysis.
Keep your eyes on the support levels as they will play an Important liquidity grabs getting bears good signs to start shorting gold as reports gets DXY some positive sentiments and viceversa.
This is not a financial advice. It is my own idea.
Good luck
I see this scenario as the optimal one reflecting the true natural reaction of a long bull run. Which contradicts some unrealistic posts assuming gold going to 3000$ and 4000$ levels. I keep on wondering about where there IQ levels is getting better or worsening. I don’t really care but to share some logic and sane technical analysis.
Keep your eyes on the support levels as they will play an Important liquidity grabs getting bears good signs to start shorting gold as reports gets DXY some positive sentiments and viceversa.
This is not a financial advice. It is my own idea.
Good luck