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A perfect example of Bearish Bat pattern
As you can see in the weekly charts Gold has made a bearish bat pattern and has reached the first target..!
Further correction in the high inflation era is less likely..! do not count on the 2nd and 3rd targets..!
Always consider the probability of something happening, and Keep in mind nothing is impossible in the market!!!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Further correction in the high inflation era is less likely..! do not count on the 2nd and 3rd targets..!
Always consider the probability of something happening, and Keep in mind nothing is impossible in the market!!!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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