As gold regains $2000/oz for the third time over the past three years, it's important to
distinguish the fundamental and intermarket dynamics for each of these three occasions ($2000/oz) before assessing the road ahead. There are endless combinations of metrics to be used in comparing August 2020, March 2022 and today. I will use the DXY, gold/silver ratio, Fed Funds rate and the Fed's Balance Sheet.
we can see in the picture there is rectangle to the right resemble the buyers in gold i call them trapped buyers and the rectangle to the left is thier stop loss cluster on 1975 . it was on 1980 and stopped in the europe session early but i think we will go there to stop more buyers out we can put buy order there with target 5 dollars / so im selling here targeting 1975 with stops on 2000 or 2005 because there is no stops there and this is the pic https://drive.google.com/file/d/1eN2dB_4Hix66a99c4exvpBP8NkuFboW7/view?usp=sharing
the percent below show the ratio of buyers is now 60% so im seller unles this ratio flip to majority selling not buying
technically the usdx keep under prssure by broken 9-yrs trend and theres is huge wedge on both usdx and usdchf ass these 2 charts very similar i will update this post if not rejected by mr ashraf when we get the taargets keep your trades blue and dont over leverage