Pro7 PA trading analysis 28+GOLD

good morning to all

GOLD
waiting for 1888 where I will look for buy

GOLD
update
here we are
fishing buy @ 1893

SL around 1869

GOLD
PA didn't hit 1888 jet
my expectation is quick move down when accumulation is over to erase stop losses than up

EDIT
pay attention to 1887.32

hey thanks for the insight prozor.
Atm gold look super bearish, do you think a break below your 1887 confirms the bears and more downside movement?

GOLD
@ this moment NO - based on H1 that indicate buy @ 1887

1. PA is in accumulation process and as long as it is above 1876 - 1869 it is in bullish mode
2. it is heavily manipulated market and flash crash is certainty possible
3. USD domination is in question in last few month and they will defend monopoly

GOLD
taking some profit @ 1913 would be smart

good morning to all

GOLD
I would like to see one more push down to 1888 - 1876

for your info
as of April, 01. 2022. I will introduce new 29th symbol in trading - Chinese YUAN or RENMINBI in MT4 tags as USDCNH
I will present over the weekend MN & D1 charts with full analysis and reason why

good morning to all

GOLD
still waiting for 1888 actually 1887
step aside signal no positions @ this moment

time to close fish market.
hope you have lucrative week.
wish you all great weekend.

USDCNH
@ this moment PA have step aside signal
MN sell - PA below 6.52296 is in sell mode targeting 6.22862 - 6.13770
D1 sell - closing on Monday above 6.35958 PA should enter buy mode targeting 6.38833 - 6.41404 - closing below more down to 6.33083 - 6.30512
H4 buy - extended - watching range 6.36536 (H4 support / resistance) - 6.35958 (D1 support / resistance)

good morning to all

USD
I believe that USD should have some major move in next quarter here are the reasons why:

01. strong Middle-Class is loosing ground - millennials are falling out (78% live paycheck to paycheck)
02. not enough "good jobs" - replaced by low paying services jobs (15% Professional, 23% middle-class, 32% Wage & 30% Hardship jobs)
03. inflation rises to 40 year peak that put pressure to FED to raise interest rates (non government CPI calculations say 16%)
04. household debt increase by $1 trillion in 2021 since 2007
05. lost around 50,000 manufacturing jobs moved to abroad since 2001 (mostly China)
06. gas price rise 22% in 2 weeks - almost 100% in a last year
07. energy bills around 6% of all consumer spending last time high was in early 1970's before recession
08. utility bills fall behind on payments
09. 3.7 million more children in poverty without Gov. "Child Tax Credit" 20.9 % increase (average develop country's 11.7%)
10. 21.3 % of population participate in Gov. Assistance each month (receiving more than payed in taxes)
11. education cost - Public in-state $10.338 - Public Out-of-State $22.698 - Private $38.185 (from 1980 - 2021 college tuition increase of 900%)
12. health-care costs of all consumer spending from 9.5% in 1980 increase to 33.5% in 2021
13. medical debt $140 billions from people that say "It's not their fault"
14. credit card debt grow 2500% from 1970 - 2021 (17% goes to medical bills)
15. home owning is distant dream 146% increase in last 20 years (1 of 6 Middle-Class would be able to buy a home)

if I miss something or made a mistake please correct me

good luck
pro7

USD - "PetroDollar"
I believe that we are in "II Cold War" from 2007
history
"I Cold War" was between NATO (US) and Warsaw pact (USSR) that end in 1991. @ that time US have two option when USSR fell apart:
1. to bring democracy in USSR something like "Marshal plan" from 1947/48 when communism in EU was strong
2. we won - you lose - you threaten us with nuclear weapon for 40 years and you have to pay

NATO existence after 1991 "I Cold War" is to control global energy system (OIL) defending "PetroDollar".
Russia former USSR was isolated for 10 years. Russia ask to join NATO & EU in 2001 and it was rejected that pushed Russia more to the East instead to the West.

present day
Russia, China & India are forming trading pact and again we have two block WEST and EAST. also we have a two block payment system SWIFT (West) and CIPS (East). EAST is not under influence of "PetroDollar" that was and is used as a weapon (sanctions) in last 50 years.

history of PetroDollar
everything started with Saudi Arabia (OPEC) in October, 17. 1973 when angry Arabs turn off OIL after fight Arab - Israeli war, also known as "October War" or "Yom Kippur War" and place an embargo against nations (Canada, Japan, Netherlands, UK & US) supporting Israel; that started global OIL crises.
deal "Do or Die" between US & Saudi was made in 1974 that bring security....in return the Saudis would plow billions of their revenue back into Treasuries and and "PetroDollar" was born.

present day
OIL market is so enormous, nearly in all oil sales US Dollar is used for about 80% of all international transactions. this gives the US unmatched geopolitical leverage. the US can sanction or exclude virtually any country from the US Dollar based financial system at the flip of a switch, it can also cut off any country from the vast majority of international trade.
US abuse there position and financial system by using it as a weapon (sanctions).

potential problem for US
80% of all US dollars in existence were printed in the last 22 months (from $4 trillion in January 2020 to $20 trillion in October 2021) spending more than they can earn.
that behavior bring a question what is "GUARANTEE" for this paper currency?

everything started with Saudis and Saudi as the leader of OPEC considering to receive a new form of payment from EAST block that could cause US hegemony to the end.
one more thing to consider who are the OPEC members and how US treated those countries in last 50 years:
The organization was original launched in 1960 in Baghdad by five founding members: Saudi Arabia, Venezuela, Iran, Kuwait, and Iraq.

There are a total of 15 nations that are members of OPEC. Two are located in South America, six in the Middle East, and seven in Africa. These nations include: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Republic of the Congo, Saudi Arabia, United Arab Emirates & Venezuela.

good luck
pro7

Hi Prozor7,

What about your "Pro7_EA" is doing ?
How does it work ?

hi John4y
in short open single or multiple (grid) trades on line
on post1 there is a manual with EA
on my second threat on post3 you can see few examples

try it on demo if you have questions ask

good morning to all