Very risky trade. Go easy on lot size.

Now some explanation about basic fundamentals.

READ TO THE END

What is "safe heaven"?

You might have this term, but not fully understand what it mean and how it works.
There are risk on and risk off assets.
Risk on - stocks, crypto, etc.
Risk off - dollar, JPY, GOLD

So, when there is a threat for stocks or crypto to fall people and investors start to take money off those assets. Now that they taken it off it is causing stocks or crypto to fall and since they took the money out they have to put it somewhere else.

So, when the risk on assets are in danger people put that money into safe heaven assets. This is why you often see, that when stocks are falling, gold is moving up. It is just money moving from risk on to risk off.

Now having this understanding, we can see why gold and dollar was so bullish lately.

Lets move to present and use this knowledge for our analysis.
The past 2 monthly candles on gold chart were bearish and there can be 2 reasons for that.
1. People are looking at technical analysis and selling gold holdings because of resistance, even tho everything looks very bullish.
OR
2. People are slowly taking money from risk off assets and starting to buy the risk on assets.

Even though there are a lot of sceptics and fear around the markets here are the words of the most famous investor Warren Buffet:
"Be scared when everybody is greedy and be greedy when everyone is scared"

Look at how many people became rich from crypto in couple of months, but 95% of them lost everything + more.
This is what happens when you follow and listen what masses of people are saying and thinking.

Is this a recession or a healthy market correction?
It is not for me to decide or guess. But fact is that more and more people think that the market is crashing and because of that I am becoming more and more bullish.

When the Bitcoin was at 60k. What everybody was saying? 100K incoming!!!! And you see what happened. This is greedy scenario.
The stocks moved down a significant amount and everyone is screaming MARKET IS CRASHING.

We will see what happens. But the more it drops, more bullish on the inside I become.

QUIZ TIME
Do analysis and decide the next move.
US100 / 1H

https://www.tradingview.com/x/U1E8ocL4/

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Hope you are all well!
Lets have an amazing week 📈