gold

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My Thoughts on Current Markets-241

14 Feb 2025 4 minute read 1 comment Perfectionist25 $0.11

There was a correction between 2790 and 2535 dollars in ounce gold in November-December. There may be some correction in 2790s, I said I don't expect the movement to fall too much from 2530s, it turned back from 2536s. While falling to 2790 and 2536,...

Morning JAVA: Gold Futures Surpass $2,900 - BoE Lowers Rates

9 Feb 2025 4 minute read 4 comments SweptOverNiagara $0.14

  According to the BBC, the Bank of England lowered rates earlier on Thursday by 25 basis points to where the key lending rate now sits at 4.5%. The base rate is now at its lowest since June, 2023. They forecast inflation to rise to 3.7% later this...

My Thoughts on Current Markets-238

3 Feb 2025 2 minute read 0 comments Perfectionist25 $0.18

The ounce of gold exceeded its peak on Friday. It also closed above its old peak. Here, 2790s are important in the following process, especially because it is the old peak. As long as it does not fall below this level, we can say that we are likely t...

My Thoughts on Current Markets-236

29 Jan 2025 5 minute read 0 comments Perfectionist25 $0.12

I had been targeting 2720 - 2790 for ounce gold since 2620. Last week Thursday - Friday it saw 2785, it came to a horizontal downward pressure with a difference of 5 dollars to the level at 2790. Now let's go back to the weekly chart to show what 278...

My Thoughts on Current Markets-235

27 Jan 2025 3 minute read 0 comments Perfectionist25 $0.14

Nasdaq did not back down from my word last week and approached the new ATH level. I continue to fill and empty. Technically, the 22400 - 23000 area may be a candidate for another round of selling. Of course, if there is no additional correction this...

My Thoughts on Current Markets-233

20 Jan 2025 3 minute read 0 comments Perfectionist25 $0.22

The movement in Dax occurred a little earlier than I expected and we reached a new peak. After a while, it will reach our target price of 22000. The support to be followed below is now 20000. Nasdaq tested the channel bottom with a shock sale last Mo...

My Thoughts on Current Markets-232

15 Jan 2025 6 minute read 0 comments Perfectionist25 $0.10

The daily gold chart continues to squeeze. There is a horizontal between the 89-day moving average and the falling trend. Our falling tops are forming. Each peak has started to form below the previous one. In other words, the falling tops are relativ...

Should You Buy Gold?

14 Jan 2025 2 minute read 3 comments SeventyFourSeventyFive $0.09

I guess the first question should really be, “Do you want to buy gold?”  Full disclosure, I myself have a little bit of gold stored away, and not because I thought it was a great investment, but, because I thought owning some gold coins would be cool...

My Thoughts on Current Markets-231

13 Jan 2025 3 minute read 0 comments Perfectionist25 $0.12

There are many reasons for Dxy, such as the negativities in other currencies, China and other countries selling bonds and buying gold to get rid of US hegemony, which keeps bond interest rates high, etc. If Dxy continues to stay here for a while, the...

My Thoughts on Current Markets-229

8 Jan 2025 4 minute read 0 comments Perfectionist25 $0.06

When looking at the daily gold ounce chart, the 89-day moving average is working even though it is making violations. In other words, it has a support that passes roughly at $2611, and the 144-day moving average is at $2559. Now this is our support l...