ThiMars

ThiMars

Do not buy #IGO at the current price (8.74), #waiting for more decline to buy (wave C). First support is 8.63–8.34; small buy with SL 8.1 Second support: 7–6.3, strong buy with SL 6.27-5.9, depending on margin. If the price is not lower than 5.9, wait for the turnaround signal and then make a strong buy at 8.63–8.53 with SL 8.1 (wave 2).

ThiMars Updated 

Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C. Short-term analysis After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave...

ThiMars Updated 

Regarding my previous chart analysis on 11 Aug 2022, gold perfectly confirmed wave C . Gold at the current level of 1696 (strong support in the lower purple box) is going to choose its direction again. For SHORT side Gold is expected to break 1680 for completing wave C. So, there is more room for a down move in the gold price before its reversal...

ThiMars Updated 

It is a medium-term technical analysis for DXY in the fourth hour's time frame. It can be seen that bullish flags dominate the current chart. An expectation of higher earnings for the dollar may cause more losses in gold during the next few weeks. However, DXY should not stay lower than 106, a key level for breaking down. While the significant resistance is 109,...

ThiMars Updated 

Gold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY...

ThiMars Updated 

Gold surged to 1808 which is affected by CPI data released. It then dropped to 1785. After the gold rally for 2 weeks, gold is breaking its upward trend (TF day) for the first time. At the current level of 1785, gold is expected to have more downside as DXY may regain its loss for a few days. For long-term analysis, gold has made wave 1 or B, and is likely to go...

ThiMars Updated 

Gold has an unusual rose due to market panic from responding of China to the US house speaker's visiting Taiwan last week. However, the US dollar has bounced back, and gold had a minor correction last Friday. Gold is sideways in the upper zone of a downtrend (just above and very close to the upper grey solid line). The market is expected to maintain fluctuations...

ThiMars Updated 

Gold confirms rebound since maintaining above 1737. Tomorrow it can rise to 1786, which could be a solid resistance to this rebounding. Hence, it may perform corrections to 1758 -1747. The critical point is 1786. Gold can choose its direction at this key level in following cases; 1. If gold can break and surpass 1786 for 1-2 hours, it might surge to 1881 (wave 3)...

ThiMars

It is much better to see another long-term price prediction for Zil in the timeframe week. Hold!! Resistances 8.5 Support 6.68 Stop-loss 6.00 The old highest price is about 8.5 If it can break 8.5, There will be no more resistance. It cloud be then surging to 13.65/22.03/30.4