ChartStrategist

ChartStrategist Updated  Jun 23, 2023

Gold has multiple confluences to look for buys US dollar looks good to start moving down after a 20 hour rally

ChartStrategist Jun 22, 2023

Within my area of interest, I have identified numerous converging factors that may prompt a reaction from the USDCAD. These confluences serve as potential buying opportunities that I will closely monitor. I am waiting for a nice candle rejection.

ChartStrategist Updated  Jun 16, 2023

There are multiple strong confluences for gold to move higher from 1932.6 I am currently waiting for gold to double tap for an extra confluence to look for for a buy order.

ChartStrategist Jun 16, 2023

Gold is currently situated near the lower boundary of an upward trend, suggesting its potential for a positive trajectory. An essential shakeout occurred to remove less confident investors, reinforcing the optimistic outlook. I predict that gold will achieve a new all-time high within the upcoming two months. Furthermore, gold responded by remaining above the...

ChartStrategist Updated  Jun 8, 2023

Gold is currently shaking out the last of the weak hands. there are a lot of confluences for gold to start moving higher and create a new ATH "All Time High".

ChartStrategist Jun 7, 2023

I am currently monitoring the GBPAUD currency pair, patiently observing for it to reach a region that aligns with my trading preferences. Once it reaches this area, I will actively seek potential buying opportunities.

ChartStrategist May 31, 2023

GBPAUD has broken out of a downtrend channel I am expecting a pull back to move higher. there are multiple confluences to look for a buying opportunity around my area of interest.

ChartStrategist May 30, 2023

Gold is currently at the bottom of the uptrend channel, gold is reacting nicely off my area of interest. there are multiple confluences for gold to move higher and break ATH

ChartStrategist May 28, 2023

Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors...

ChartStrategist May 26, 2023

Confluences to look for buys Decline trend line Incline trend line 0.5 bullish fib Rejection point New York session Dollar looks good to pull back Rejection candlesticks

ChartStrategist Updated  May 26, 2023

I anticipate a 20% movement in gold miners in the upcoming weeks, following its breakthrough of a resistance level which now serves as a support level. Additionally, silver has broken and found support in above a channel , indicating a potential bullish swing in gold. Once gold closes above its declining trend line, which I expect to happen, it may accelerate...

ChartStrategist Updated  May 26, 2023

If Bitcoin's closing price falls below 27246, I anticipate a further decline in prices. I'll keep an eye on the range of 24699-25248 as a potential buying opportunity, and wait for strong rejection candlesticks before entering a position.

ChartStrategist Updated  May 26, 2023

Currently, the outlook for gold is positive, with a bullish trend. However, I anticipate a temporary pullback from 2045.26 - 2047.73. This presents an opportunity for me to consider buying positions before gold potentially reaches an all-time high. On the other hand, the US dollar has a bearish outlook, having broken and retested the channel. Furthermore, silver...

ChartStrategist Updated  May 26, 2023

Gold is currently displaying bullish behavior, but a correction is expected in the coming days, presenting a favorable chance to buy. If gold's value drops to approximately 2030 or 2013, it would provide an ideal opportunity to buy as these levels have confluences. Additionally, gold miners are also demonstrating bullish behavior, indicating a potential surge in...

ChartStrategist Updated  May 26, 2023

Gold presents a few Confluences for long positions upon retesting the decline trend line. My expectation is that gold will touch 2003.99 twice, which is where I plan to add another position. Regarding GDX "Gold miners," the fact that it only closed down -0.81% while gold closed -1.66% suggests that gold's sell-off will likely be brief, and the market should...

ChartStrategist Updated  May 26, 2023

My expectation is that the Dow Jones will break through the rejection point and decline trend line from October 2021. Once it does, there should be some bearish momentum, which will lead to a pullback to the rejection point and decline trend line, resulting in a move lower. At this point, gold should become very attractive, and it will be an opportune time to look...

ChartStrategist Updated  May 26, 2023

I anticipate a favorable market response to occur within the price of 2031.08 to 2033.55, and there appear to be several potential opportunities to sell based on the following confluences: Moving Average, Reversal point, Decline Trend line, Incline Trend line, 0.618 bearish fib and Structure. Currently, Gold has experienced an increase of 1.6%, indicating the...

ChartStrategist Updated  May 26, 2023

When considering CPI, a lower figure is preferred when buying assets such as gold, EUR, EURUSD, Cable, and indices. The weaker the CPI, the better it is for risk assets, especially those associated with hedging against the dollar. For instance, if there is a year-on-year 4.7% inflation and a month-on-month 0.2%, it would be ideal to buy indices and sell dollars...