gold

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My Thoughts on Current Markets-126

20 May 2024 1 minute read 0 comments Perfectionist25

Silver quickly passed $30 after 2 speculative and manipulative years. We are heading towards the target zone of $34. Since it is a very rapid rise in technical terms, it is not surprising that it moves slightly horizontally. $30 is short-term suppor...

My Thoughts on Current Markets-125

18 May 2024 6 minute read 0 comments Perfectionist25

When we look at Bitcoin, we had a strong uptrend before. It went into a fix. There was a market that was in a sell position for a long time and could not force it to pass, and last week, if we go down to a 4-hour period, there was a reverse head-and-...

My Thoughts on Current Markets-124

14 May 2024 3 minute read 0 comments Perfectionist25

When looked at the daily chart, ounce gold tilted itself to the right in the range of 2427 and 2300, in a correction movement. Last week, on Friday, there was a strong movement from 2320 to 2370. It rose strongly from its 34-week moving average on Th...

My Thoughts on Current Markets-123

14 May 2024 2 minute read 0 comments Perfectionist25

The weakness in the yen has caused concern as the inflation report approaches. Investors are recalibrating their expectations for U.S. interest rate cuts this year in light of recent labor market data and central bank comments. Current market pricing...

My Thoughts on Current Markets-122

13 May 2024 3 minute read 0 comments Perfectionist25

The US Dollar maintained a weaker tone in early Asian trading today, continuing its decline against major currencies such as the euro and sterling. The move follows recent US labor market data that points to a potential slowdown, raising the possibil...

My Thoughts on Current Markets-121

12 May 2024 3 minute read 0 comments Perfectionist25

I can say that the reactions on the Dow Jones side have accelerated. After the 39000 level was exceeded, 39400 - 39600 levels were reached. 39600's are important, there is a possibility that it will go above this level again to the range of 40000 - 4...

Gold as an Investment: A Timeless Asset

10 May 2024 3 minute read 15 comments LeaderIcarus

Intro Gold had an all-time high recently, reaching above $2300, but why gold is considered as a must on every investment portfolio? OF course, gold has a rich history as a commodity, deeply tide with economic, political, and even cultural development...

My Thoughts on Current Markets-119

8 May 2024 9 minute read 0 comments Perfectionist25

FED convened. Meanwhile, the data coming to the FED caused the economy to stagnate a bit in terms of unemployment, that is, job demands, and I think the declines in gold and other bitcoins suddenly stopped. The downward movement in the indices has ca...

My Thoughts on Current Markets-118

7 May 2024 4 minute read 0 comments Perfectionist25

The ounce of gold rose and Fibonacci moved to 2.618, that is, 2427. Since there it is now floating towards its 34-day moving average. What had he done to fix it before? It had achieved its previous correction in the 2050 - 1980 region, again around t...

My Thoughts on Current Markets-117

6 May 2024 2 minute read 0 comments Perfectionist25

The 106.50 - 107.50 range continues to constitute resistance in DXY. The product is a candidate for sale every day that it does not exceed 107.50. In the short term, the area up to 102.50 is empty, the continuation of the declines will create a rally...