Clearly here we can see a rampant cat bottom. This signals a 500x rise by the square root of the duration of this cat bottoming. Good times for the punter looking to go long, manufactured downside, price discovery of underlying commodity with 100% dislocation. Holding out for the golden unicorn stairway to heaven trigger which is forming beyond the rampant cat,...
Risk-off sentiment making a comeback? StoneX cites 'early indications' of gold price turnaround Risk-off sentiment might be making a comeback in the second quarter, with "early indications" of a price turnaround for gold, according to StoneX. "After gold's performance in the first quarter of this year, when it posted its first quarterly decline since the...
Let’s see if we can break uptrend here... I think we might. *** not financial advice***
Little resistence until gold gets above $1800 -- lots of challanges to break through $1850 with anticipated choppy trading through to $1950 where we may break out again with blue skies. I am calling the bottom being in on March the 8th ($1683 Up $58 to $1744) and we are heading up likely this week March 22-26 into the $1800-$1850 zone and looking for the...
Following the weak start to the month, the precious metal was able to stabilise and regain the temporarily abandoned downward trend channel. As expected, yesterday's meeting of the US Federal Reserve caused a lot of movement in the market. The central bank's statements had a correspondingly strong impact on the equity, commodity and currency markets. Above USD...
Hi guys! 👋🏻 🔔 The tension around the stimulus bill rises as President Biden decided to imply stricter income limits on the next round of stimulus checks payouts. Under the new amendments, individuals who earn more than $80,000 per year, single parents earning more than $120,000 per year, and couples earning $150,000 will be disqualified from receiving the...
Hi guys! 👋🏻 🔔 The stimulus bill proposed by President Joe Biden’s administration is getting closer and is set to be finalized next week according to the New York Times, Gold continues the downtrend. The bill is set to increase the inflation as planned by the FOMC, however as the bill acceptance gets closer, Gold which is traditionally an inflation hedge, loses...
Short analysis on gold The gold price (XAU/USD) has reached the targeted and deposited 2nd price target. As expected, the first signs of exhaustion occurred in this area, which justified a profit-taking in line with the market (as previously communicated). For further rising prices, a decline to USD 1,795 and 1,788 must be factored in from a statistical point...
In our analysis of February 18, we discussed the very high probability of a reaction on the long side. The price target of a minimum correction (probability of occurrence approx. 67%) has already been reached! Provided that the support level that has existed since the end of November is not sustainably undercut, a further price increase in the direction of USD...
In direct comparison to silver, the past trading days were extremely sobering for gold. Since the movement low on November 20, the noble metal could only gain a meager 1%. Silver, on the other hand, shot up by a staggering 24% during the same period! Where do we go from here? After the previous downward impulse, gold (XAU/USD) is in the consolidation zone that...
Hi guys! 👋🏻 🔔 The US Dollar Dollar index set so far the lowest point on January 06 this year at 89.391 and was able to recover and breakout from the descending downtrend channel of November 02, 2020. 🔔 If the US Dollar closes above 90.720 it might show one of the sharpest jumps up to 92.100 after testing a resistance at 91.120. 🔔 There is a strong resistance...
Technical Analysis for GOLD🌻🌞 uk.tradingview.com Support ♠︎ ♣︎ ♥︎ ♦︎ S1 ➔ ➜ ➙ ➛ ➝ ➞ 1800 S2 ➔ ➜ ➙ ➛ ➝ ➞ 1763 ...
The low has arrived with a tolerance of one day (on November 30th). After the break, the support confirmed for several months, the gold price (XAU/USD) reached a movement low on Monday November 30th, confirming our deposited turnaround date (with a one-day tolerance). In our analysis of November 14 (13 days in advance) we had already pointed out the movement...
COMEX:GC1! Here is the G/S (Gold / Silver) ... and here is the USD - DXY
According to the reduction of dollar demand and based on the raising channel, most probably will hit the 1940 first, then pull back up to 1920 to raise more after. But if any good bad news heard from the stock market, again will drop down to 1900 or below.
Gold- If it has to fall further , it should sustain below 1930 levels.