TECHNICAL ANALYSIS MAY STATE OTHERWISE AS COMPARED TO THE HYPE AROUND GOLD 3000 LEVEL. Don't get me wrong I foresee gold at 3000 and 5000 as early as 2025, however gold history has shown even the best of us that gold can play ping pong for months if not years before actually making a move in the right direction. This is not financial advise, just a...
Historical price action Custom Fibs Trenlines Supply & Demand Cpi expectation of a higher inflation rate could create an instant Sell off.... With the recent Bank Failures and expected recession, expectations are equities should see downside momentum, leaving investor confidence in stocks extremely and going Long Gold as the safe haven. In addition the...
PCE data release IHS formation Dip buyers Low of consolidation area BUY BUY BUY
With undecided investors on the fence between bear market being over and and end if bear market rally.... We find ourselves stuck in the middle... For now it looks like a few days of a range and possibly through to the new month... As an investor, I would be grabbing my popcorn and watching the confirmations play out before I jump on board... My hunch,...
No technical support... No fundemantal support... No buyers... NO WAY UP!!!
So with the crazy sell off on wednesday the market, the market seemed like it was headed for a major Blood bath... but then came along the all time favorite " The CPlie" with small difference from expectations and rescued the market in the nick of time.... This triggered a spike to the upside, followed by the Bulls flying in like a terrorist attack......
As much as this market seems to be doing the complete opposite of what it should be doing based on most if not all fundamentals, the chart actually reflects key areas that have been respected and market has moved accordingly. We are seeing that money has been moving in the market from a technical point instead of fundamental.... With this being said and the...
Gild is sitting at the top of its descending channel. Perfect opportunity to short. Uncertainty amongst investors with rate hikes and inflation. By the looks of the gold chart, investors are securing funds in their pockets rather than in uncertain markets. Profits have been banked at much higher prices on gold and those that held on are slowly banking profits...
Looking at the historical behavior of gold, together with the down trend we could be seeing lower lows. Breaking the previous low doesn't leave much room for a bounce... With this being said this fall may be faster than any recent fall.... Analysis is strictly based on technicals
Bears will attempt to push lower Bulls locked and loaded at bottom of daily bull channel Bull run should hold strong to major resistance. Resistance level will determine the future move
Technicals Major support Major trend lines. Advanced Fibs IHS
Support resistance Major trend lines Bear trap scenario Inverse head and shoulder
Support resistance Major trend lines Price action Bear trap scenario Inverse Head and shoulders formation
Trenlines Resistance Support Fib retracement Strong possibility for the weeks ahead.
TECHNICALS Major support retest Fundamentals ZAR demand concerns Unstable oil price creating inflation in ZAR
Major trend lines Major Resistance War escalates
Technical Trend lines Resistance First Fundamentals Escalating war threats
Technicals Major tren lines Price action Break of support Fundamentals Ukraine War Supply demand concerns