Technical Analysis and Outlook: This week, the Eurodollar continued drifting lower following last week, completing our Outer Currency Dip of 1.062. The continuation to the next Outer Currency Dip 1.050 is in progress; however, an intermediate rebound Retest to Mean Res 1.075 is possible.
Even if you are not a gold bug, you have probably caught the news about central banks being on a gold-buying spree, with 2022 marking the record year for central bank purchases. This trend has not stopped in 2023, and many countries intensified the diversification of their reserves amid economic uncertainty, geopolitical tensions, and high inflation in the United...
Technical Analysis and Outlook: This week, the Eurodollar did its Jumpgate performance. It established the newly created Mean Sup 1.085, indicating its potential to retest the completed Outer Currency Rally with determination. However, the price may decrease to Mean Sup 1.099 (the opposite of Mean Res) before returning to the crime scene.
This chart shows the ramification of ending the gold standard. In short, we have been screwed. The coincidence is that they decoupled the dollar from gold when all 3 had a 1:1:1 Ratio... In other words, gold, Real Output and Wages increased by 100% since 1947-ish.. This should paint a good picture for many.
Good day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as...
Ohh Poloniex, you're such a liquidity Scam. It's not happened on Binance ;) #ShadowsLeak
Not advice. Documenting speculation and stacking. Education purposes only.
We will look at the logarithmic chart of gold starting from 1975. We see the two cycles. I drew a line along the tops of these peak values and made a parallel one, thereby forming an upward trend channel. If we talk about the Elliott Waves , then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis. Now we're on the...
We will look at the logarithmic chart of gold starting from 1975. We see the two cycles. I drew a line along the tops of these peak values and made a parallel one, thereby forming an upward trend channel. If we talk about the Elliott Waves, then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis. Now we're on the...
Strawberry Full Moon Lunar Eclipse: 6/5/2020 @ 3:12pm EST The IMF's original eXchange Rate Pegged concept, it's time XRP finally gets that red carpet treatment worthy of the Greatest Digital Asset Ever Created... Buckle Up, Folks. Takeoff Imminent! Cheer Future Cryptonaires! XRP THE STANDARD
Notice the time period where the rate of change began to significantly increase. Sad that TV doesn't have the data but if you go and look, inflation from 1700-1900 was extremely stable. Not the "2%" per year inflation of today, was more like gradual deflation over time, with certainty that your money would be worth the same 100 years from now. During the...
(For Personal Notes & Due Diligence) -- XRP 4hr -- First Noticed the current Inverse Head & Shoulders pattern last night & have been keeping close eye on it. Actually appeared to want to break out to the upside earlier this morning just as I suspected given the apparent Inverse H&S, but not enough volume & came back to this $0.178ish are for past several...
Slow day for GOLD - nothing from the market today to make moves, so gold will follow trendlines well. I am short but will get out very soon and start again tomorrow. Sorry for the messy chart but this shows what moved the market this week - still range bound.
Well gold broke through an important support, which led me to look at the big picture on very long timeframes. It is interesting to see, that the first major gold rally, sparked by Nixon's lifting of the gold standard, has quite some fractal similarities with the second one, sparked by the gold ETF. Now, if we compare the two, we get to the conclusion, that if...
here is an entry on gold for a long pos.. target 13250. then more to the upside if she breaks this level cleanly