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My Thoughts on Current Markets-139

25 Jun 2024 3 minute read 0 comments Perfectionist25

When you look at the daily chart of ounce gold, there seems to be a serious squeeze. Last week, I think on Thursday, there was a move to break the decline towards 2360 with two bars, but at the close, they pulled the bar back into the triangle. Now h...

My Thoughts on Current Markets-133

5 Jun 2024 3 minute read 0 comments Perfectionist25

What we actually do on the ounce gold daily chart is this; We made a double top at $2427. It slightly stretched towards 2460 and became a little higher on the right side. Now there has been a pullback towards trend support from there. There is also t...

My Thoughts on Current Markets-132

29 May 2024 3 minute read 1 comment Perfectionist25

When you look at the daily chart of ounce gold in general, the upward trend in the medium-term Fibonacci scale continues. But here we see that it is only under pressure due to the short major falling below the 5 and 8-day moving averages. We are in t...

My Thoughts on Current Markets-128

22 May 2024 3 minute read 0 comments Perfectionist25

Looking at the daily chart of ounce gold, 2427, corresponding to Fibonacci 2.618, was seen 1.5 months ago. Then we pulled back towards the 34-day moving average. Here, in this process, we made a bowl-like double hill. This week, we reached out to 242...

My Thoughts on Current Markets-105

3 Apr 2024 3 minute read 0 comments Perfectionist25

When we look at the daily chart of ounce gold, there was a very serious triangle compression, a contraction, between 2020 and 2080, probably for about 2 - 2.5 months. I said that if 2021 passes, especially 2058, the price will gain an upward momentum...