When i look at 12-month chart and use stochastic. I see pretty nicely formed bearish divergence. XAUUSD could hit 1381 or even worst 950. So, I'd recommend you to sell literally every securities that you hold because probably 2 years later could even worst than today. Gold is considered as a safe-haven assets, but if this assets is going down it means financial and economic world could easily collapse. It means lord R want to take his profits, so hopefully you understand what i mean.
I predicted by the end of 2022 or around early 2023 (in feb or mar), the collapse will begin. This santa claus rally would not as happy as in 2019. There will be so much pain, much more business collapsing, and unemployment rate will rise.
To overcome this i suggest to all of you who see this post idea, as an opportunity to shorting gold and avoid long term long position until mid of 2024 or at least when the stochastic is reversed in a long position again.
I remember when Michael Burry told his twitter follower that there is bubble in everything, then i immediately look at the chart and his insight was completely correct, everything is starting to reverse. And months ago, it did happens. I also remember that JP Morgan said billionaire use astrology to trade..i mean who tf this billionaire if he himself wasn't even a billionaire? I have a solid proof that it was lord R.
So because of that, i use that astrology understanding to predict when the market reverse and the use of Fibonacci to know where the price will stop.