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(XAUUSD 1D chart) We need to see if it can rise above 1944.714.
If price continues above 1944.714, it is expected to renew ATH (2075.282).
I think it is a bad phenomenon because it disproves that the real economy is getting difficult.
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(DXY 1D chart) DXY needs to stay below 101.860 to keep the investment market active.
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(NAS100USD 1D chart) As the price rose, the point where the HA-Low on the 1M chart was about to be created disappeared.
As it rose above 11578.2, it turned into a mid- to long-term upward trend.
However, in order to continue the mid- to long-term upward trend, it is necessary to shake up and down to make the HA-High indicator of the 1W chart, which is formed around 16K, fall.
Therefore, I think the point where it can rise the most is around the M-Signal on the 1M chart.
When it swings up and down, if it does not break inside the downtrend line, it will eventually continue its uptrend.
Point 11578.2 is a support and resistance point formed by the +100 indicator on the 1W chart.
Therefore, if the price is maintained above this point, it can be interpreted that it is highly likely to show an upward trend from a mid- to long-term perspective.
The next period of volatility is around February 2nd.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Note
I think the decline of DXY is more important now than the decline of Nasdaq.
As long as the DXY stays below 101.860, the investment market is likely to find vitality.
Note
The question is whether it can rise above 12119.2 on the NAS100USD chart.
On the DXY chart, it is important to see if we can find resistance and decline at 101.860.
I think it's more important for the DXY to meet resistance at 101.860 and fall than the rise or fall of the Nasdaq at this time.
This is because I think it will revitalize the investment market.
This does not mean that all investment markets continue to rise, so please do not misunderstand.
When you energize the investment market, it means a lot of money is moving.
Therefore, the shaking to go to the bull market will begin, so you must respond well to get big profits in the future.
Confirmation is needed on the XAUUSD chart, rising above 1944.714 and holding.
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