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3 Mar 2024 2 minute read 0 comments SweptOverNiagara
Although it was reported in the media, there was little fanfare to the fact that gold closed at a record weekly high on Friday, March 1, 2024 at spot $2,082 while April futures also closed at a record high of $2,095. On February 1, gold peaked at $2...
3 Mar 2024 4 minute read 0 comments Perfectionist25
Dow Jones tested the Bollinger upper band during the week and received a reaction. Here, it should not fall below 38900's and 39000's in particular. Because it came so close. If it starts to take closings below 39000 or below 38900, we will expect a...
1 Mar 2024 3 minute read 8 comments SweptOverNiagara
Remember when nickel surged to $100,000 per ton in March, 2022? Two years ago and almost to the day, on March 8, 2022 I published 'Gold above $2,000 while nickel surges 250%'. A major short squeeze quickly sent nickel prices even higher, pushing the...
28 Feb 2024 4 minute read 0 comments Perfectionist25
Let's start with the dollar index (dxy). Fibonacci has been at resistance at 105 in a downward trend since the Fibonacci 1.618 peak at 113 on the weekly chart. Fibonacci made a reaction at 78.6, corresponding to 101.70. Now, whether it can go above 1...
26 Feb 2024 1 minute read 0 comments Perfectionist25
Euro - dollar parity is at 1.0843. I will be watching the 1.09 resistance this week. Below is currently the 1.0750 support level. I will continue to follow this band range of 1.0750 - 1.09 for this week. Ounce gold is at the 2027 dollar level. A bit...
24 Feb 2024 3 minute read 0 comments Perfectionist25
Dow Jones surpassed the 38900 level in the last two days, Thursday and Friday, and made a nice close above it, where it had not been able to exceed for almost a month for a long time. It also made a good close above 39000. As long as the 38900 - 3900...
23 Feb 2024 2 minute read 0 comments Perfectionist25
Euro - dollar parity is completing the week above 1.08 level this week. With the decline in the dollar index, the euro - dollar parity increased by one point again and is currently at 1.0827. Since my expectations in the medium and long term are posi...
21 Feb 2024 3 minute read 0 comments Perfectionist25
Judging by the weekly chart of ounce gold, the risk of 1980 - 1940 will remain on the table until the 2058 - 2078 region is crossed. But I said that sagging towards this region would also be a buying opportunity. Last week, I think he made a point to...
19 Feb 2024 2 minute read 0 comments Perfectionist25
Euro - dollar parity is at 1.0765. Since the dollar index remains slightly above the 104 level, I continue to follow the 1.07 - 1.08 range here. Euro - dollar parity still remains cheap in my opinion. On the ounce gold side, there is the 2016 dollar...
19 Feb 2024 3 minute read 0 comments Perfectionist25
After the recent correction on the Dow Jones side, we entered the recovery process with the inflation data. Here 39000s have become important now. Psychological levels, if we can get pricing above this level, movement towards the 39800 - 40000 range...
