The index is in a short-term downtrend, likely to fall to the support zone of 1170, then recover and fall to a deeper support zone. Long term is in wave C down, published chart in a post in 16/4. P/s : Not financial advice
Gold price is in a correction cycle of small rising wave 3 in large rising wave 3. p/s : Not financial advice
The period 2023 to Q1/2024 is the recovery period of the market, the price returns to find ATH according to Dow theory, and wave B has formed. In the next stage, it is likely that the market will start to run wave C and will end the cycle, after which the market will likely begin to enter the strongest rising wave.
Few understand this (mainly because it's nerdy as hell) But it's a big deal. And every investor should at least kind of get it to grasp what's really going on with their portfolio. In simple terms: Japan has kept interest rates artificially super low for over a decade. Even lower than the US and Europe. That forced Japanese investors to invest overseas to...