ZILATRADES

ZILATRADES

My prediction for the coming months for gold is that the yellow metal is going to be dropping further to 1400 levels maybe even lower. arguments backing this up are: - Rasing interest rate of the dollar causes a rise of the dollar and so a decrease in gold price. And the rates are going to get higher. - gold consumption is and wil be decreasing next months too...

ZILATRADES

Due to interest rates hiking and a very high probability of hikes further in the future. We will see a decrease in spending which will cause a deflation,Although this wil happen in the future and in the meantime the economie is going in a recession. the recession is going to cause a flee to wealth preservation. One popular hedge in though times is and will stay is...

ZILATRADES Updated 

Inflation numbers are coming tomorrow so beware for extreme volatile gold market. This Time I think it is going to break through the ascending trend line but only time will tell. also two confirmation on the technical side we should pay attention to is, if one the chiko span is going to cross the candlesticks. And the second if the kumo b is pointing up those...

ZILATRADES Updated 

my previous analysis has been confirmed so now there is a more chance of an uptrend. the next scenario is if the descending line wil be broken, who knows?

ZILATRADES

dxy will be going through a storm so will the economy

ZILATRADES Updated 

As we have seen gold did break down the ascending channel due to correlation with us bonds, however a resistance should be tested. Option 1: gold will retest the strong support at 1782 an go the next resistance level and take profit with a nice risk to reward ratio Option 2: gold will break the support zone and you should exit the trade with a nice risk management.