GOLD PREDICTORS

Gold has rebounded strongly from the $1,680 inflection point to retest the red trend line of the ascending broadening patterns. In previous updates, we discussed a strong bounce from the $1,680 level to the red trend line, where the decision will be made. The pivot numbers were $1,772 and $1,833, and a weekly close above $1,833 was required. After the bounce, the red trendline in spot gold charts is now approaching $1833. The two cases discussed in the previous premium update remain valid in the gold market. Based on the gold market recent structure, the price still requires some breakout from the key levels. Silver ...
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The market fundamentals and technical indicators point to a bear stock market. A bear stock market, on the other hand, does not affect the entire economy. As per study, only 14 of the 25 bear stock markets since 1928 have resulted in a recession. However, the previous four bear markets, in 1990, 2000, 2008, and 2020, all resulted in a recession. Each of the four cases are different but the Fed's recent tightening cycle to combat high inflation may trigger a recession. High interest rates are a good way to combat short-term inflation, but long-term inflation cannot be controlled, and the Fed will most likely ...
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The Fed plans another interest rate increase on Wednesday. The impact of statements such as the Fed might increase interest rates by 0.75% instead of 0.5% on the markets resulting in a sharp decline in the prices of stocks and precious metals. The situation will be extremely intriguing during the Fed's announcement, and a rate hike of more than 0.5% would be sufficient to send a message to the market regarding their inflationary and political intentions. Whether or not it occurs, it will be sufficient to shake the stock and precious metals markets. In last week's article, it was stated that we anticipate a sideways ...
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