It looks to me like Gold wants to go clear the board higher, as there's a number of long wicks up there, there'd be plenty of liquidity up there now to go clear out.
Alot is going on in the financial media about
fed funds rate,
if you watch this video
you will see how we can break down exactly
whats going on
in the global economy
and why Gold is a good buy
Cheers,
Lubosiforex
Here is our detailed technical review for GC1!.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1970.8.
Considering the today's price action, probabilities will be high to see a movement to 2015.2.
P.S
The term oversold refers to a condition where an asset...
6.15.23 The video is fairly adequately Representing my thoughts. I talked about the es coming to reversal area, And I compared it to the Russell which represents Many more stocks. I believe the bearish performance of the Russell Represents the bearish nature of the market in general even though the ES has been surprisingly strong. I talked a little bit about...
Gold and Silver prices have pulled back overnight with strong weakness in the Yen, bringing down the whole precious metals complex. As we are pushing through the morning, Gold did catch some support right near the May low at 1936, and we have seen a slight pop in the metals coming off the stronger than expected initial jobless claims, and they are looking to undo...
6.14.23 The gold Looks like it's going to move lower because of the way the market closed today. On a daily chart or 240 minute chart the market look like it was stuck at a support area and that it wasn't going to move lower. In fact the gold moved higher on the open.... it retested the gap lower... and then it made a new low for the day. the daily chart and the...
Bounce off lower bollinger band. GC1! looks to go to the Bollinger Band Basis - (middle line) or may fall after the rise towards the Bollinger Band Basis.
GO LONG
Many investors expect gold to continue rising due to the crisis, inflation, etc. As practice shows: one cannot count on such a bullish sentiment for serious growth. Yes, and the previous crises of 2008 and 2020 showed that gold fell along with the markets, only then it began to recover earlier. Most likely, we will see the same thing in the future for a year and a...
6.12.23 This video is mostly about oil which is showing a two-bar reversal and dead you might want to take a trade for the market to move higher. you could have had a short trade when the market opened Sunday.... and now we've come to buyers with the two bar reversal suggesting the market might go higher. There's more to this on the video. I squeezed in gold......
If you follow mainstream media you will
see there is a lot of negative comments on
bitcoin
--
Especially against the biggest crypto market
exchange founded in China,
--
Called Binance.
--
This is the perfect time for you and me
to find a safe haven into buying Bitcoin
and Gold
--
Gold and Bitcoin Are:
--
1-Outside The System
2-Outside Geo-Political...
