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3 Feb 2025 2 minute read 0 comments Perfectionist25
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...
29 Jan 2025 5 minute read 0 comments Perfectionist25
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...
27 Jan 2025 3 minute read 0 comments Perfectionist25
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...
20 Jan 2025 3 minute read 0 comments Perfectionist25
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...
15 Jan 2025 6 minute read 0 comments Perfectionist25
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...
14 Jan 2025 2 minute read 3 comments SeventyFourSeventyFive
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...
13 Jan 2025 3 minute read 0 comments Perfectionist25
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...
8 Jan 2025 4 minute read 0 comments Perfectionist25
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...
6 Jan 2025 3 minute read 1 comment Perfectionist25
Everyone's nightmare, DXY, has climbed back to the 109 - 110 area. Technically, the pressure is still ongoing. In order to see a recovery in the market, we need to see bond sales return to normal and a recovery in the Eurozone. What needs to be under...
1 Jan 2025 6 minute read 0 comments Perfectionist25
The ounce of gold started 2024 at around $2040. After exceeding $2040, which corresponds to the Fibonacci 78.6 of the $1810 decline, it went up to 2781-2790 with the phase I call the spoiled phase. This year, after a long break, because for years the...
