ChartStrategist

ChartStrategist Updated 

if the CPI Data is Positive meaning over 5% US dollar will rocket if it is under 4.8% Dow Jones will sink.

ChartStrategist

Gold's recent decline has brought it back within the established trading range. To confirm that this is merely a temporary break and subsequent retest of the range, it would be necessary for gold to close above the level of 1960. It should be noted that while an increase in the US debt limit alone may not directly trigger a rise in the price of gold, certain...

ChartStrategist

I am closely monitoring gold's movements and have a plan in place for both scenarios. If gold breaks the uptrend channel, you anticipate a fall to 1950, where you plan to look for buying opportunities. Alternatively, if gold breaks the decline trend line, you anticipate an acceleration to 2050 and plan to enter on pullbacks to find buying opportunities. Gold...

ChartStrategist

After an uncorrected 350 pips rise, a pullback is necessary for USDCAD to swing bullish and surpass recent highs of 1.38060. I anticipate that the currency pair will react in the 1.36654 - 1.36844 area, which I find to be of high interest. Within 12 days, USDCAD has increased by 2.63%, but I am expecting a 1% pullback before it moves higher. Several confluences,...

ChartStrategist

Bitcoin is presently undergoing a corrective phase, with an expectation of a subsequent upward trend after a few bullish weeks. I find the price range of $24632 - $25108 particularly intriguing since it presents a high probability of witnessing a market reaction, given the favorable confluences present. This range offers a chance to consider buying...

ChartStrategist

I believe that gold prices may experience a slight increase as the US dollar is expected to gain support and potentially strengthen. However, based on my analysis of market confluences, I will be looking for a potential selling opportunity within the area of interest between 1995.63 - 1996.52. If these confluences align as expected, I anticipate a favorable market...

ChartStrategist

According to the given data, it seems that silver is currently positioned at the peak of a bearish channel and has encountered a decline trend line from October 2011. Moreover, it has already reacted to this trend line, and it is anticipated that it will undergo further decline. Similarly, gold miners are facing a comparable situation with a similar percentage...

ChartStrategist

I foresee a continued drop in the value of gold and plan to explore potential chances for buying at approximately 1950, citing several factors supporting this level. My strategy involves monitoring for a breach of the upward trend line, followed by further descent.

ChartStrategist

While Ethereum has shown some bullish momentum in the past, my technical analysis suggests that a downward swing may be in the cards. However, once the price of Ethereum reaches my selling zone, I will be on the lookout for any signs of a potential reversal, as this could indicate a prime buying opportunity. In short, I am closely monitoring the price of Ethereum...

ChartStrategist

Despite the prevailing bearish sentiment surrounding the Dow Jones, my market analysis leads me to believe that the index is likely to experience a bullish movement, potentially reaching a level of 12852 before undergoing a reversal. This expected trend has significant implications for the gold market, as it could present an attractive buying opportunity for the...

ChartStrategist

Currently, my primary focus is on the gold market, and I am patiently awaiting a potential breakout from its current channel. Such a move would provide valuable insights into the future direction of gold prices. However, I am also keeping a close eye on other market indicators, such as gold miners, to gain a more comprehensive understanding of the market...

ChartStrategist

If the GBPJPY exchange rate breaks out of the current uptrend channel, it could potentially gain momentum and move towards a price point that is of interest to me. At that point, I would consider the possibility of entering a sell position in the market. A breakout from the uptrend channel would mean that the exchange rate has moved beyond the upper boundary of...

ChartStrategist

Based on my analysis, I anticipate that the JPYBasket will react in some way when it reaches the 7804-7828 zone. There could be a variety of reasons for this, such as technical levels, market sentiment, or fundamental factors. In any case, rather than acting impulsively, I have decided to exercise patience and observe the market until a clear opportunity presents...

ChartStrategist

If gold breaks below the uptrend channel, I anticipate a further drop in its value. However, I have identified two specific areas where multiple factors converge, and I will keep an eye on them for potential buying opportunities. There are several factors that can cause the price of gold to rise: Supply and demand: Like any other commodity, the price of gold is...

ChartStrategist

The Dow Jones is currently experiencing a pullback, and there are indications that it may continue to trend downwards and potentially reach new lows for the year. Traders may want to watch for potential selling opportunities around the 5-month trend line. There are several factors that can contribute to the decline in the value of the US dollar. Here are a few...

ChartStrategist

In the past 34 days, Ethereum has risen by 54% without experiencing a significant correction. It is predicted that there may be a 20% pullback before the price continues to rise. It is expected that the sell zone between 2297.3 and 2483.6 may trigger this pullback. There are several factors that suggest Ethereum could experience significant price growth by the...

ChartStrategist

Gold is experiencing rejections on its 1-hour time frame, while silver is rejecting but also showing signs of upward movement. It is likely that buying opportunities will present themselves on Sunday or Monday.

ChartStrategist

I am anticipating buying opportunities for gold as it is currently at the bottom of the channel. However, I am waiting for an indication from silver and gold miners that gold is about to start moving higher before making any decisions.