As you can see, gold is currently returning to its resistance level and has the potential to be rejected. The previous ATH increase was just a fake out and the current pullback is only to form a higher low and will form a lower low at our target. This pattern is 95% successful.
Look back you will see the targets are getting hit from this chart I posted. 515 is the downside target. Wait for confirmation if it’s going to stay and hold if it confirms above that 520 zone. This is mercury retrograde until 27th of august so expected communication and connectivity issues. And these dumps are correlating perfectly with the NOAA G1G2G3 solar impacts.
**Current Price Range**: $846 to $822 (Weekly Frame) **Potential for Bullish Reversal**: BlackRock, trending between $846 and $822, shows signs of a potential bullish reversal. A strong resistance at $895.20 is key. Breaking and closing above this level on the weekly timeframe could indicate a reversal and the continuation of a bullish trend. **Double Top...
Just take a look on a rate cut expectations. In a short, the main technical graph is a difference (spread) between the nearest futures contract on FOMC interest rate (in this time Sept'24 ZQU2024) and the next one futures contract (in this time Oct'24 ZQV2024). It's clear that spread turned to negative in 2024, and heavily negative over the past several weeks....
🔴🔻💹Stock Market Crash Today:⚠️📌 Global Stock Market Crash🔻💹 Dow Jones Industrial Average: Dropped 2.3% due to escalating recession fears. S&P 500: Fell by 2.5%, marking its worst day in months. NASDAQ Composite: Decreased by 3%, driven by significant losses in tech stocks. European Markets: FTSE 100 and DAX both recorded declines of over 2%. Investor...
I entered in a short position in VIX CFD to swing trade, because it has reached a level that normally goes down. We saw higher acceleration in VIX when we had the covid virus. Now We are seeing a fear of nothing....
After a cautious approach away from its ultra-easy monetary setting, the Bank of Japan bolstered its normalization efforts last week. Policymakers raised rates to around 0.25% after the March watershed exit from sub-zero levels, pointed to more moves ahead and also announced sizable reduction in bond purchases. This action signaled tightening resolve and also...
The recent COT data indicates a sharp increase in stress levels in the VIX. This suggests that market participants are preparing for a rise in volatility, which is usually associated with falling stock prices. Looking at the COT history of the VIX, we can infer the stock market movements during similar stress level increases (green horizontal line): We observed...
x.com Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE. From 15 of the major...
Last week was pandemonium for US Equities, Japanese Equities, Foreign Exchange markets, Cryptocurrency markets, and Bond markets. Yet, for those positioned for the normalization of the yield curve, results are apparent as the curve has officially normalized into positive territory with a sharp recovery on Friday which continued into Monday. The non-farm payroll...
This is the spike in volatility I have been anticipating for a while (you can never pinpoint exact event). Can easily see a 50+ print on VIX this week. YOU MUST WAIT for the spike top before attempting to sell vol/buy risk assets but it should present a good opportunity.
BTC will test support at 43k we lost support at 50k so much stronger bears than expected. Altcoins I would hold off until we see BTC above 59K, but I think we are heading to 43k and I hope that's it, but last month I told you we would see crazy dips and highs because of the Governments fighting with Bitcoin and the power fight to stay dominant in USD. The world...
U.S. Futures Plunge Nearly 4% Amid Recession Fears and Global Market Sell-Off 1. Nasdaq Technical Analysis: Last week, the Nasdaq saw a decline of approximately 10.5% due to investor fears of a recession and geopolitical tensions. Outlook: The bearish trend is expected to continue towards 17,360 and 17,020 as long as the price remains below 17,875. ...
SLO2 @ 31.77 📉 SLO1 @ 30.28 📉 TP1 @ 27.43 TP2 @ 25.03 TP3 @ 23.27 TP4 @ 20.55 BLO1 @ 19.89 ⏳ BLO2 @ 18.30⏳ SL @ 17.55 🚫 🔑 BLO = BUY LIMIT ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT SL = STOP LOSS 📉 = Order Triggered ⏳ = Order Pending SUMMARY The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless,...
I'm entertaining this corrective count currently - going forward I expect we see a bounce then 1 more low on less momentum, However a lot of the time these capitulation wicks are the bottom (see 2020 covid fractal the last part ended in 3 waves) - when momentum is this violent price tends to fail on making a lower low - If this correction and count is correct it...
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. First, since it has come down to the desired level on Nasdaq, I created a strategy based on the Tether...
GBPNZD has rallied continuously, breaking levels amid a dovish RBNZ rhetoric. Still no real desperate GBP long bias VS NZD, but sentiment can always change and extend rallies. You can either hedge, or use stops. Regardless, you have to do it appropriately and consider where levels exist and what could come beyond them going forward.
Futures Meltdown: Sharp Decline U.S. index futures fell sharply on Monday following downbeat forecasts from Bad earnings in the second quarter and increasing geopolitical tensions. The S&P 500 dropped sharply as noted last week and continues to trend bearish. Bullish Scenario: For a shift to a bullish trend, the price needs to stabilize above 5320,...