u/Old_Variation_6989

My technical analysis is very simple: pure price action and Fibonacci.

In addition, I combine fundamental analysis with this strategy and in this case that’s what’s guiding my decision on what to do:

open a short position if an entry point appears in the area marked by the red circle (Scenario A in the images), but with low risk because fundamental analysis tells me that gold still has upside potential in the medium and long term.

I see two possible scenarios on the gold chart and I've explained them in the images.

In the first comment I shared my thoughts from a fundamental analysis perspective, which aim to destroy this bearish thesis on gold.

I’d like to know what I'm missing.

I see two possible scenarios on the gold chart, and I've explained them in the images.

My technical analysis is very simple: pure price action and Fibonacci.

In addition, I combine fundamental analysis with this strategy, and in this case, that’s what’s guiding my decision on what to do:

open a short position if an entry point appears in the area marked by the red circle (Scenario A in the images), but with low risk because fundamental analysis tells me that gold still has upside potential in the medium and long term.

I’d like to know what you’re seeing right now on the gold chart.