Trump was widely expected to be elected. After that, as it became more prominent, I think it was 90%, it became 100%. Unless he makes a big mistake or a big mistake in the last 4 months, it seems like that. Bitcoin prices this positively. The stocks of most private prisons in America are pricing this positively. The man supports private prisons. There are private prison stocks, there is movement in them.
There was a triangle squeeze on the daily chart of gold. Now it has already been stuck between 2380 - 2300 dollars for about 10 - 15 days and then passed the triangle. He returned, got approval and continued. You know, if they ask you technically what you want, you want this. There is nothing better anyway, it passes, gets approval and continues. Continuing rises with pullback are much healthier. He goes, gets approval, returns. All of them are above the 8-day moving average. As a result, 2400 intermediate and 2320 main supports. The ounce of gold, which continues to remain above 2400 and 2320, maintains its potential of 2455 - 2530. Therefore, the ounce of gold, which continues to remain above 2400 and 2320, has passed its upward course within the descending triangle for about 10 days. It has received approval and remains in an uptrend. In this sense, while the ounce of gold is trading upwards, if it starts to close below 2400, it will be a pressure towards 2320 again and a sign of easing, so position weights in the trading discipline can be pulled to a somewhat controlled point.
As long as it stays above 2400, 2455 will continue to be the intermediate target and 2530 will continue to be the main target. While focusing on these targets, we will keep the major risk at 2400 and the main risk at 2320 at the defensive point. We will not call them irreversible. But we will say this, even if they withdraw, these goals will not be disrupted. Because it is a very short-term support level, the main uptrend is considered intact, even if it is broken. Below 2400, short-term major risk is triggered. The graph turns to weakening. 2360 - 2320 printing begins. Therefore, some control may be required. We will be controlled below 2420, but unless 2320 is broken, they will continue to say come and shoot me in the middle of the dart.
The rise in the weekly chart of ounce silver has also attracted serious attention recently. He comes out in a triangle, tries a pullback even though it doesn't meet completely, and then continues. As a result, when I look at it here, it is stuck between two Fibonaccis. They have squeezed the 1.272 Fibonacci, which they tried and failed to pass this month with its 28.65 peak, into this Fibonacci zone in the 31.66 band for 2 months. The region we are currently in is the controlled upper region in the technical dictionary. We are up but controlled, horizontal rest, consolidation consolidates the exit here, tilts, rests. Therefore, 28.65 supports short term and 26.20 supports medium term. Especially unless 28.65 is broken, it may move back and forth between 28.65 and 31.60 for a while. However, unless it closes below 28.65 or occurs, it is useful to think of this as a medium term, as it may spread over a period of time from 31.66 to 35.49. Therefore, as long as it stays above 28.65, silver will want to try 31.66 again. As long as you try to go up and fail, and then fail to break 28.60, energy accumulates here. Therefore, the graph tilts towards the right, creating the possibility of a flag here as well. Of course, there is no confirmation yet.
Therefore, as long as silver remains above 28.65, the upward follow discipline will continue according to the short-term major analysis in the current technical analysis, with 31.66 being the intermediate target and 35.49 being the main target. 28.65 has been supporting the previous peak for exactly 6 weeks. Therefore, one or more closings below 28.65 will weaken and distort this chart. Risk may arise, it returns to the discipline of every price trend. Well, such a correction towards 23.5 - 22.5 cannot be played right now, it can be played if 28.65 is broken. Therefore, as long as it remains above 28.65, the targets of 31.65 and 35.5 will be preserved in silver. A correction wave may be triggered in silver below 28.65, which may reach 24.5 and 22.5. If a flag is to be formed here, exceeding 31.66 will trigger the flag. Breaking 28.65 will also take the pennant and/or flag formation off and drop it to default. You should not see the flag here and evaluate it that way. A flag is forming here. It is already a continuation formation. If you approach this with the mentality that it will go all the way before the flag breaks, it will be a very serious mistake and technical analysis does not have such a subject. So now, if you take a position inside the flag so that the flag will go up, if the flag breaks below before going up, it will go back down as far as the handle.
Donald Trump was already a president on the Bitcoin front. He defended it more passionately than Biden. Assassination attempt, expectation of a sure win and an exuberant, clearly rising Bitcoin. Bitcoin was already waiting for Trump. He had been relatively unable to find any news that would nourish him for several months. He had also reached an important technical goal. It has been under pressure since it saw the ascending channel target on the weekly chart. Especially where it has turned in the last month in the 34-week moving average is very significant. It fell below the 34-week moving average, but did not make any weekly closes. Therefore, it finds support at 34 weeks. In its previous declines, it tried to find balance in the 34-week period. Here too, he tried to find balance at 34 weeks, and he accelerated after 34 weeks.
Therefore, the 34-week moving average is an important thing based on past footprints. How we should catch it was important in terms of whether the decline continues or it gradually reacts. It seemed like 78.6 was also a support. Retreats towards 57200 - 48600 may trigger a reaction movement towards 69000. I said that if Bitcoin is going to return, it should not fall below 57000 and / or 52000. Here's a reaction from that area. It is positive that there is a reaction from the 34-week moving average, that is, the estimated 55000 - 57000 region. However, this movement must exceed 76500 in order to push the altcoins behind it with such a huge trend and enter the "come on guys, let's go" rally. If it exceeds 76500, I say there will be a great rally in bitcoin. Otherwise, 69000 will zigzag in the maximum resistance band of 76500 and intermediate support of 57200 in the 48600 band.
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