New highs are coming for gold, these are ideal price levels to buy at. There is absolutely no indication of a top or any factor fundamental or otherwise that would indicate long term bears coming into play. Would be foolish to go counter trend. However, tread lightly as any movement at these new levels is based off pure speculation and investor sentiment.
Equity markets are currently being artificially propped up through various means, however the dominos will start falling sooner than later. I am anticipating a Retest of the 18000 lows at the very least, but by the time price makes its way to those levels, many catalysts would have found their way into the market that would solidify the likelihood of a long term...
The USD has been steadily weakening and will continue to be devalued, there is no fundamental catalyst that indicates USD will pick up long term strength. USDJPY market structure is indicative of a very large bear move that is to come.
GJ has began its fall, and there is a very large range to fulfill, the question is, what fundamental movement in the market will drive the plummet and to what extent? Many complex factors will fuel the move down, and it is imminent.
More downside is imminent on eurusd, with the next possible buy zone in the 1.01 area. However, eurusd has evidently broken monthly trendiness that were being respected since the 1980s. I am anticipating more downside in the long term for erased and am not sure when the bleeding will end. Will have to closely observe price action for long term buy opportunities,...
I'm personally expecting more upside to uj as exhaustion is not prevalent on higher timeframes, however, it is a possibility that a correction will begin in the coming days/weeks. A better entry for a short in my opinion is 121.4 area, however, if bearish market structure emerges i will look for short entries.
The bearish that has dominated gold over the past few months is evidently becoming exhausted. However, there is more downside to come as it is not at a major buy zone. After that, my targets for gold exceed 1400.