On the Nasdaq, 24,800 is significant resistance at the top, while 23,500 is short-term support below. If it falls below 23,500, the rising formation will be disrupted, and we will quickly return to 23,000 and 22,500. This week's interest rate decision will be influential, but we shouldn't be surprised if they buy into expectations and sell off reality. The figure we will be watching here shortly is 23,500, and the movement will resume where it left off. Breaking through 24,800 will bring a move to 30,000. As long as we remain above the main support level of 21,000, 30,000 is the target. Every dip continues to be a buying opportunity.
We are technically very tight in the DAX. If we don't break above this week, space could open down to 22,500, where buyer appetite will be waiting. If we can break through 24,000, the channel will continue to operate clearly, and the price will demand new gains.
Don't be stubborn with persistent sell positions in gold. Commodities are no joke; they move significantly when they're falling, but they also move significantly when they're rising. In fact, the clear statement is that in this market, there's a bottom and a top! We're heading towards 4000, and of course, a technical correction is still possible. As long as the price doesn't settle above 3700, the fatigue on the chart will become apparent and could push us back into the 3400-3200 range. Ounce-based declines can be frustrating. It's time to be cautious.
There's technical fatigue in silver, of course, but this may not affect the price. Our medium-term target price is $50+, and the path to that point is clear. If signs of fatigue appear, 38 below is solid support. Unlike gold, I've closed 75% of my gold positions because I anticipate better performance. If we settle above $50, I expect a target price of $60 and $75.
I'm tired of insisting that every rise in Brent crude oil is a sell-off. I believe the downtrend will continue in the medium term. The initial target price is $50. Every sharp rise continues to be a selling opportunity.
Bitcoin has technically entered a sideways period after the new ATH. The clear formation isn't clear on the short-term chart yet, but it remains within an ascending channel, and as long as the price doesn't fall below 95,000, 150,000 is the clear target. I revised the 150,000-180,000 movement to 180,000-210,000 in the medium term. This will become clearer when additional catalysts come into play.
Ethereum, which I normally expected to break above during its fifth rally, moved a bit too early. Naturally, altcoins couldn't keep pace. It's slowly beginning to stabilize. In the short term, 4,100 is the main support level, and 3,500 is the main support level. I don't think it will be able to fall below these two levels permanently. The Nasdaq tokenization application is a major step. It could more clearly drive the demand we know and expect. Under normal circumstances, I've revised my target price of 6000-8000 to 10000-12000. Furthermore, sustained movements above 5000 will quickly bring us to 8400.
The crypto total market cap has broken out, albeit slightly. The 9% level must be broken for confirmation. That's when significant gains in altcoins will begin. The remaining time for any such breakout is one month. 9% initiates the move, 12% clarifies it, and the 18%-20% range is my bullish target range according to my strategy.
The technical formation in EUR/USD has worked upwards and continues. 1.15 remains a significant support level; as long as we stay above it, the first price will be 1.20, followed by 1.24. Our main support level is 1.10, and unless this level is broken, I expect a move to 1.40.
USD/JPY is currently awaiting a meeting this week to determine the Fed's final interest rate decision, and the BOJ's current price. If a rate hike is made, prepare for a sudden sell-off. Technically, as long as the 152 level remains intact, our target price is between 140 and 130.
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