Hot Money is Buying GOLD 🚀. Santa 🎅Rally is Here.
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 and encouraging further price increases.
After analyzing the daily chart of GOLD, it appears that there is a high likelihood of the support level of $2150 being breached. This could indicate a potential downtrend in the near future.
Yesterday, I was carefully keeping an eye on the ratio between Gold and Silver, also known as the G/S ratio. Today, I noticed that the Asians have broken the support, which indicates a significant and confirmed move towards bullishness for metals. This is a crucial development for investors who are following the precious metals market and could potentially present new opportunities for profitable trades.
Silver Miners Index showed bullish investor sentiment with the breakout yesterday, indicating an opportunity in the precious metals space.
For now, we are buying precious metals to the upside.
Listen up! You need to remember this: peculiar happenings are the norm in the financial market. Don't let them catch you off guard - be prepared for anything!
After analyzing the daily chart of GOLD, it appears that there is a high likelihood of the support level of $2150 being breached. This could indicate a potential downtrend in the near future.
Yesterday, I was carefully keeping an eye on the ratio between Gold and Silver, also known as the G/S ratio. Today, I noticed that the Asians have broken the support, which indicates a significant and confirmed move towards bullishness for metals. This is a crucial development for investors who are following the precious metals market and could potentially present new opportunities for profitable trades.
Silver Miners Index showed bullish investor sentiment with the breakout yesterday, indicating an opportunity in the precious metals space.
For now, we are buying precious metals to the upside.
Listen up! You need to remember this: peculiar happenings are the norm in the financial market. Don't let them catch you off guard - be prepared for anything!
Again, the kingdom of heaven is like a merchant looking for fine pearls. When he found one of great value, he went away and sold everything he had and bought it.