US’s economic score was too GOOD and mostly more than expected on many forecast instruments. I believe that global economic’s turbulence gonna happened once more The Fed decides to adjust down their rate. Due to next FOMC and many forecasted of economic’s scores in April, i think the DXY will gonna trace the climbing lane then show the correction afterward.
In this beginning YEAR, Red scores of US industrial sector and job field happened continuously with no mercy, market of gold is the one that most reliable to show how people react in a worries. Index of USD dive shapely just like a hungry ugly bald eagle preying a rotten fish in the dead sea. Market players and investors seem decide to switch their assets...
Not much to say, still referring to the last post that i’ve made before. Cheers and good luck
Since extreme bullish flag happened due to geopolitics issues last month, the gold’s pattern seems more confident to repeat the previous path while the similar bullish flag happened on March 2023 due to Bank rush tragedy. The only way to translate about the chart movement is by assuming “ what’s happening in the market right now? ”. Well, I believe there...
I always admit gold is the one that has a unique characteristic on investment field, that is : 1. Psychological of investors drive the trading volume bigger when it’s price rise up rather than when it’s go on correction trend (AMAZING FOMO’s effect). 2. Nowadays, position of gold as a “safe heaven” star gradually reduced as well as development of echnology....
Yes it was rebound about on support 1790, market still looked doubt with some global economics recovery even more that another war declared last week. However, as seen on technical movement we can see that the retracement shock not as great as happened when Covid, Rusia-Ukraine and Bank Rush tragedies. I believe it’s only usual price action happened on gold’s...
“The USD has been so strong that now across pretty much every fundamental valuation framework that we use, whether that be through looking at some averages of interest rate differentials and US vs macro growth, it seems overvalued.” So then now we can see some evidence that inflation is cooling in the US which maybe gives the FED time to pause from it’s hawkish...
Seems lika triangular area will formed as a side movement of gold until Thursday 27 April 2023, it’ll no go any further UP or either down. Let’s see it until the ending of next week
In every trading objects, I believe that’s Fair Value level is become a “magnet”. The movement direction of price that is go away below or go far above is depend of economic situation, especialy for gold. Nowaday economic issue still in hot dispute between get well or still “sick”!! Yes, gold is much more enjoy stay above Fair value level. But however we can’t...
Price positioning during European News today, gold has test the level below the trendline support. The bottom limit for gold to represent the wait and see investor strategy i believe at about level 1967. If it’s break, gold will chase it’s year 2023 fair value at about 1930. Let’s see the announcement today and prepare for the US unemployment statement next Friday.
After shocked by US’s recession issue and calm down by many “wait and see” Bank acquisition’s policy, market seems confident and show that investors put back their wealth in to form of money. Let’s test this day with gold movement between 1981 to 2003
Dxy will try to retrace its range to general price range, so far the upbeat economic situation remains as long as some serious actions are taken by global players. What's next? As we know US is the most interfering country in the world, if any other trigger for chaos is welcomed by US then it looks like they will kill their own economy.
The farthest determination for Gold direction is on ending of April, but i see it clearly the correction ray line at least gonne bring it to the from it’s come before it going to shine bright again later.
Gold is a truly different things with other investing objects. After reach highest high this year, we can see how much fear and fragile ranging price above 2k. Nowadays people realize more that somehow they can make a good investment on gold, but in the other side gold is not a thing that can used as money machine. They can have the expected benefit from gold...
During bank rush and it’s correlate with housing failure, i believe currency’s dispute will shown on gold on early April 2023
Gold movement already fullfilled my last drawing prediction, i think the mirror pattern based on daily pattern is very possible to be true. Let’s see, i have a prediction that max pricing for gold is at 1832 at least until August and it will try to hit the new low below 1700 before Oct 2022
By down trend chanels that i’ve found, Gold is about to adjust it price that before Rusia launch their first bomb to Ukraine. Let’s see if the trend calibrating to the last former position
You guys can see clearly what i mean on channel lanes