blacklegend55

blacklegend55

Based on the uniform activity test at 61.8 on RSI, the current market trend exhibits a strong bullish pattern. This means that the market is experiencing a period of increased buying momentum, and investors may consider buying in to take advantage of the upward trend. The target price for this trend is currently set at $2150. Currently, both the fundamentals and...

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Gold closed today at 2065.265 (-0.57%). We had anticipated this move a few hours before it happened, and we have been calling for this move since the beginning of the week. However, despite our predictions, many bullish investors and those with diamond hands are still not convinced that the bull trend has reversed and that we are now officially in a bear...

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Upon analyzing the daily chart, it has become evident that there is a rejection of the Relative Strength Index (RSI). This indicates that the bullish signal has reached its maximum potential and that the bears may take over, causing the price to decrease. If you're interested, you can read my previous analysis on gold for further insight. DXY 1hr chart: DXY is...

blacklegend55 Updated 

Beware, traders, for the gold market is teetering on the edge of a dark abyss. The latest analysis of the 1-hour chart reveals a terrifying negative divergence, a grim omen of impending financial disaster. This is no ordinary market fluctuation; it's a monstrous wave poised to engulf unwary investors in its destructive path. XAUCAD 1hr: XAUEUR 1hr: XAUGBP...

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🌪️📉 Gather around, brave short sellers, for a tale of market turmoil and thrilling opportunity in the realm of cryptocurrencies! 🌐✨ In the shadowy depths of the crypto world, a storm is brewing, a tempest named "BNB" (BNBUSDT). 🌩️📊 According to the ancient scrolls of the three-weekly charts, this once mighty digital titan has encountered a formidable resistance...

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The current state of the cryptocurrency market appears to be quite worrisome. The resistance level of XRP, one of the popular cryptocurrencies, has been breached, indicating a potential significant decline of around 30% from its current value. This could signal that the cryptocurrency market may be in for a rough patch, and investors should be cautious with their...

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The Ethereum (ETH) cryptocurrency has recently reached a point of resistance, which is similar to what we have observed on the Bitcoin (BTC) chart. This development suggests that the crypto market could face a period of significant decline or bearish trend in the near future. Target 1: 1630 Target 2: 1200

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It seems like traders and investors are showing a preference for holding cash, as precious metal prices, cryptocurrencies, and the US30 are all experiencing major resistance. This could suggest a lack of confidence in the current market conditions. However, on a positive note, the DXY and UUP have managed to find support on the 3-weekly chart, indicating that some...

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Bitcoin, just like gold, silver, and US30, has reached a significant resistance area on its 3-week chart $45,000. This means that the current price level has historically been difficult for BTC to break through, and there may be increased selling pressure at this point. It's important to keep an eye on the price action around this level to determine whether BTC...

blacklegend55

Greetings! It's important to note that the financial market is currently experiencing a bearish trend, which has been confirmed and requires your attention. In particular, the US30 index is displaying unmistakable indicators of a downtrend that is likely to persist well into the New Year. Given this situation, it's crucial to take immediate steps to safeguard your...

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Following my recent sell analysis on Gold. Silver is also a short from here. Silver 6 weekly chart: Shows resistance and the bearish trend is strong. Target 1: $22 Target 2: $18 The bear trend is the same with gold. The current trend is pointing downwards. You need to devise a plan to execute your trade accordingly.

blacklegend55 Updated 

On December 22nd, there was a change in the Zodiac sign which revealed the manipulative tactics of the market makers. They artificially inflated the market by luring unsuspecting investors into thinking the market was bullish, thereby creating liquidity. However, by the end of the day, their true intentions were exposed as the price of gold sharply dropped,...

blacklegend55 Updated 

Tomorrow (22nd of December 2023) marks a significant event as we shift to a new Zodiac Calendar. Sagittarius -Ending on Dec 21 Capricorn - Starting on Dec 22 The market makers, who are known for their influence on the stock market, have a notorious reputation for using Zodiac calendar shifts to manipulate prices. This strategy often leads to a sense of fear...

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On the 45-minute chart, it is evident that silver has been steadily building momentum since yesterday, indicating a positive trend in the market. Presently, silver is positioned on a support level, which is a key indicator of a potential upward movement in its value. This suggests that there is a probability of a profitable opportunity for investors who are...

blacklegend55

On the 45-minute chart, it is evident that gold experienced a significant surge yesterday, breaking out of its previous range. What's more, the precious metal held its ground firmly above the critical price level of $2040, indicating a strong bullish momentum. This upward trend may be reflected on the daily and weekly charts, potentially ringing bullish signals...

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As per the current market trends, it seems that the bears are still in control of the precious metals market. Despite our previous prediction of an upward trend, the bulls have not shown any significant signs of strength to hold the predicted support level. If this support level fails to hold, which is highly likely, it may result in heavy selling pressure,...

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After closely observing the silver daily chart, it has become evident that it has broken the anticipated support level we had been monitoring yesterday. As a result, it is now identified as a significant sell, indicating that selling pressure may persist in the near future.

blacklegend55

The Gold-Silver ratio, which represents the number of ounces of silver required to purchase one ounce of gold, is currently showing a bearish trend. This is evident from the ratio breaking its 19-day chart, indicating a significant shift towards bearishness for precious metals. This trend suggests that the market may experience many months of downside, which could...