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  • Gold Markets Break Down Rather Significantly

    From dailyforex.com

    Gold markets have broken down significantly during the trading session on Thursday, as the 200 Day EMA continues to offer a significant amount of resistance. By doing so, the market looks as if it is ready to fall somewhat hard, and now that gold is more likely than not to continue selling off, perhaps reaching down to the $1800 level. That is an area where I would anticipate seeing a lot of noise. It is a prominent, round, psychologically significant figure and where we have previously seen buyers. For most markets, the US dollar has been like a wrecking ball, and gold has been no different. Ultimately, this market ... (full story)

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  • May 13, 2022 9:37am May 13, 2022 9:37am
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Surprised? Well that would suggest that your market (cyclic trend) reading ability is pretty poor. I do not see how it just hit you only now when we are @ first target (1795). The turn was @ 1998 the second sub peak after 2070 and every newbee in town knew this for a fact. I have observed your analysis which is rather one way in a binary setup. Nothing justifies that attitude and you do transfer a lot of your uncertainty to others given your profile (and people reading you). May I suggest that you quickly cotton unto Chaos theory to understand some of the issues in reporting the markets as you do? Best wishes.

The Crow (-_-)

PS: With chaos we do no predictions but can tell you exactly when we hit a turn stop for this run to a bottom (the same way I said here exactly the turn at high). But I can assure you that 1795 is not it and we might be headed for as low as 1734 or much lower (you only know when we get there) but it is a free fall in the theoretical range calculated for the year to have its low circa 1538 so lets see how far it goes.
 
 
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  • Posted: May 13, 2022 6:47am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 1  /  Views: 136
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