Technical analysis by i_am_siew about Symbol PAXG: Sell recommendation (10/14/2023)

XAUUSD : It is very HIGH now Today we talk about something else. I read today that many GOLD lovers are bitching about gold price. The sudden drop last week saw many of them losing their nerves. Many of them are buying thinking that it will go to $3k, $4k or $5k soon because of what they have been fed via the MSM. This week, gold is trading as high as it was back in 1980. It is just that many do NOT SEE IT because they are not looking at the right chart. If history is a guide, do look at what happened after reaching the TOP on 01/1980 @ $873.00 My advise is - there are many things we can buy now. Gold and Stocks are definitely not any of them simply because the price is way too high now. Good luck. P/S : Of course it is best you do not listen to what I say. Use your own common sense.Comment: It seems like many of you really like XAU. Follow closely and I will share once the time is right to SELL :) Good luck.Comment: We are approaching similar situation NOW - inflation - rate hike - geopolitics What I am seeing in my chart now is exactly what happened in January 1980. Prices are now doing the last PUMP before the DUMP. seekingalpha.com/art...0s-why-its-important Inflation is falling. Once this fact sink in, then there would be quite an adjustment to XAU. How do I know inflation is falling? Of course its falling. I know because Shimano Groupsets price is now back to the same as before Covid. 105 and Ultegra are more affordable now :)