Gold seems to be breaking out of its 2 year long wedge formation. This move is also accompanied by lots of fundamental tailwinds. My price target for gold is in the ~$2600 range
SPY closed below an important trendline on the daily chart. This trendline has been supporting the bull run since March 2020. This could of course be a fake out, but given the macro headwinds, I believe that this could be the first sign of a *potentially* major breakdown.
ETH is looking like it is making a head and shoulders pattern on the hourly chart. The neck line region may provide support between 4150 and 3990 (happens to be confluencing with the 61.8 fib level of the last move). However, a break below that region could signal prices heading lower down to the ~$3500 range. The RSI is also showing a bearish diversion. ETH...