rday1927

rday1927

Hey folks! I hope your portfolios have seen substantial growth by now. Since our last chart update, Gold has proven to be a reliable safe haven. We've observed that its price action depends largely on global news, particularly concerning conflicts in the Middle East. As we approach the upcoming FOMC meeting scheduled for October 31st to November 1st, our 4H...

rday1927

Hey there! I know a lot of us are probably thinking gold is bullish, and I agree. But you know what? It's smart to keep your emotions in check and NOT go ALL IN. Looking at the chart, we're now hanging around in the resistance zone, and chances are the market is just chilling and catching its breath before a potential BIG move. (waiting for significant news, like...

rday1927

Hey Folks! We're seeing a rise in the price of GOLD due to the Israeli-Palestinian conflict, which is really unfortunate for those who are affected. And this conflict has caused a significant gap in the gold market when it opened. As we've discussed previously, major players like banks and wholesalers tend to make big moves in response to significant global news...

rday1927

Hey folks! Hats off for the people who hold SHORT from the 1930 - 1945 position! Referring to the chart that we posted last week, Gold briefly brushed our resistance level at 1970 before resuming its bearish trajectory. The price range that we are seeing between 1800 and 1815 does not present itself as a solid support zone at this time. We need to see multiple...

rday1927

Congratulations to those who took a short position! As we can see from the last chart we posted 2 weeks ago, the market had a slight upward movement, likely to clear out some unfulfilled orders before continuing the bearish trend. Now, the question is: When will it start going up? The honest answer to that is nobody really knows! However, if we stick to trend...

rday1927 Updated 

For the past few months, we've witnessed a significant increase in inflation, but the interest rates have not yet responded accordingly. Consequently, we anticipate a potentially aggressive bearish movement towards the 1860 range in the upcoming month. Even if the FED takes a different approach and decides to raise interest rates, it's likely that there will be...