gold

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My Thoughts on Current Markets-116

4 May 2024 3 minute read 0 comments Perfectionist25

In Dow Jones, there was a reaction from the 37500 - 38000 range, which I pointed out before. Reactions reached up to 39000. We also saw some minor corrections from here. Then the 39000 attempt came again. But we have difficulty passing these levels....

Morning JAVA: FED Holds Rates, Eases Quantitative Tightening

2 May 2024 3 minute read 3 comments SweptOverNiagara

After being away for a couple of weeks travelling to the east coast, I finally have a bit of time for another Morning JAVA post. Yesterday, the Federal Reserve concluded yet another FOMC meeting and to no one's surprise, the FED held bench mark rate...

My Thoughts on Current Markets-115

1 May 2024 3 minute read 0 comments Perfectionist25

If you look at the daily chart of the ounce of gold, I can say that the 2146 - 1980 squeeze came quickly, and since it touched 2427, it has been receiving horizontal - downward pressure and / or short-term correction. I said that if the 1980 decline...

My Thoughts on Current Markets-114

30 Apr 2024 7 minute read 0 comments Perfectionist25

There are some upward reactions on the euro - dollar side and sterling - dollar. Gold is trying to stay where it is. There are some reactions there too after the sharp decline. There is an attempt to make a bottom, albeit temporarily. Nasdaq went dow...

My Thoughts on Current Markets-112

24 Apr 2024 10 minute read 0 comments Perfectionist25

Nasdaq made 3 peaks in March and April. The first is 18416, the second is 18464, which is the historical peak, and the third is 18337. A horizontal area similar to the head-and-shoulders formation was formed between these dates. After April 12, it br...

My Thoughts on Current Markets-111

21 Apr 2024 6 minute read 0 comments Perfectionist25

On the Dow Jones side, last week, I particularly drew attention to the 37500 - 38000 range. Even though we did not make a sharp downward correction on the way up, the place where we corrected at least a little bit was the 37500 - 38000 range, which w...

Morning JAVA: Bitcoin Halving Set To Occur Late Friday

18 Apr 2024 3 minute read 7 comments SweptOverNiagara

Like most Bitcoin enthusiasts, I've been keeping tabs on when the next Bitcoin halving will occur. The history of Bitcoin suggests big moves as was seen in the previous halving. Remember in late 2019 when Bitcoin shot up to almost $20,000, then cont...

Pax Gold (PAXG) and XAU Gold Spot US Dollar. Do not confuse similarity with equivalence.

18 Apr 2024 7 minute read 1 comment CryptoEntrepreneurs

In times of economic uncertainty and important geopolitical events, investors are constantly searching for assets that provide them with security and stability. In this context, gold emerges as a safe haven of value widely recognized and valued for i...

My Thoughts on Current Markets-110

16 Apr 2024 4 minute read 0 comments Perfectionist25

The risk of Iran-Israel war has been triggered. Although it is not as much as feared right now. At the moment, it seems that at least Israel's reflex is expected. Gold's ounce chart is a daily chart, and when the 2146 - 2000 squeeze and Fibonacci 78....

My Thoughts on Current Markets-109

14 Apr 2024 5 minute read 0 comments Perfectionist25

There were hot developments. We can say that Iran attacked Israel. But when you look at it in general terms, it is a situation that does not go beyond collusion. Frankly, it is not expected to affect the markets much in this situation unless there ar...