$3K gold in 2024 according to Citi Citi bank suggests that gold prices might experience a surge of up to 50%, reaching $3,000 per ounce this year. This projection is based on two potential scenarios. The first involves a continuation of central banks, particularly those in emerging markets like China, Russia, India, Turkey, and Brazil, increasing their gold...
There has been a lot of propaganda of late talking about the BRICs will replace the US or China Yuan will etc.. this is flat-out silly talk designed to influence unsuspecting people for political purposes. This chart BKF/SPY is a comparison chart BRIC and the US. However, BRIC is now BIC since Russia has been cut out by US sanctions. In my view, BIC is...
ECONOMICS:RUGRES The latest data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) report shows that Russia’s central bank increased its gold reserves in August, restoring reserves back to previous levels from earlier this year. “IMF IFS data shows gold reserves at the Central Bank of Russia rose by 3 tonnes in August,”...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves at Demand Zone or Fibonacci Level - 61.80%. Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line. It has completed the Break of Structure and making its Retracement
Crude oil Gapped upon market opening due to Russia making a statement on Sunday stating they will potentially do a 50,000 Barrell cut a day for the month of December; amid Moscow suspended about 2/3 of its main export grade of crude from parts due to a storm and scheduled maintenance on Fridays. Oil gapped to 72.47 touching our first TP on the pivot...
Technical analysis From the point of view of technical analysis, we believe that the EUR/USD pair has completed the corrective wave Ⓑ after reaching the price range of 1.0945-1.097, which has also been a strong resistance zone over the last few days. After which, we expect that EUR/USD will continue to correct within the impulsive wave © until it reaches a...
Priviet Traders! 🚀 Get ready for a hilarious journey with me, the FXPROFESSOR, as I dive into the world of trading with a Russian twist! In my latest video, I embody a quirky Russian analyst who lives by the motto: "Have patience, the Kremlin wasn't built in a day." 🏰⏳ But wait, there's more! I spice up my trading session with a unique blend of coffee and vodka,...
In early October 2023, we updated our previous forecast for the SPDR S&P 500 ETF Trust for the current year. Its price, after a short-term breakthrough of the triangle pattern (marked as (A)-(B)-(C)-(D)-(E)), returned above its lower border, and a new upward trend began despite the intensification of geopolitical tensions in the world, mainly due to the Hamas war...
As it seems ruble markets are quiet as a silent hill, no complications about destiny of this want to be world reserve currency.
In this layout I have Black Sea Wheat and Corn, Australian and Ukrainian Wheat, and 4 main Fertilizer (UREA) Futures. Conflict and Wars are good ways for Financial Institutions like Black Rock and State Street Corp oration to make a lot of money. What better way than to destroy the wheat fields/silos themselves and profit at the same time? These markets are...
The weekly price floor of the ruble will definitely be tested again (0.006544). The price at its weekly bottom is completely empty of buyers. Shadvi Boland is also a confirmation of this. But now is not the time At this time, due to the Israeli-Palestinian war, the ruble has a price break and can experience growth. But Russia is getting weaker and weaker. Not...
Looking at TVC:GOLD on the 3M(Monthly) Tf(Time-frame) from an investor perspective view of positioning; (long-term investing on the yellow stone) we can see it sitting at no men's land at the current price, as well Changing Character and Breaking Market Structer (Lower Low) in price action ; (Lows of Q2) Despite its Bearish Price Action on *3M , States...
Russian large Investment company AFK Systems has nice technical potential for at least one more bullish leg up towards 19-21 region. Price could have ended its correction started in Aug'23 and could be forming the bottom of the new cup. In order to confirm this scenario, we need price to first hold its Sep's low at 16.60 and move decisively above its 50D MA,...
Record new account openings on MoscowExchange during 2023, has played its role in almost 90% stock advance since the year start. The stock and volume dynamics show strong uptrend with good signs of accumulation on a weekly chart. My chart analysis shows, that price has reached an important resistance zone of its strongest uptrend wave 3 at around 182 area...
The actuality of cybersecurity for Russia in the absence of global brands becomes even sharper and provides unique opportunities for the best local provider to capture growing market share. Stock price technical perspective still illustrates strong up-trend, with some caution signals to be mindful about if one decides to trade it. On a weekly time-frame,...
- The most recent conflict on the Middle East between Israel and Palestine(Hamas) has caused TVC:GOLD and Brent Crude Oil (futures) ICEEUR:BRN1! price to jump 4% . This increase risk on Geo-Political spectrum is messing up with our Short in ICEEUR:BRN1! . Short Call idea was shared on bingX copy-trade community where 2.000 people saw the Short trade...
... Russian labor market is far from being week. Due to massive wave's extensions beyond classic fibonacci levels, I am not placing big confidence on my EW count, but solely from market price and volume dynamics there is an argument to be made for price starting new advance to at least prior Sep's highs. Although, I am not a fan of big late-August weekly...
The world's largest producer of nickel and palladium has had rather lackluster performance in 2023 advancing half as the general Russian Index. And still I cannot get over his accurate price structure that hints that better days are potentially ahead. I want the price to start forming the right side and later the handle of a cup, and break out above...