GOLD PREDICTORS

For the past few months, we have been anticipating the gold next way to develop at the inflection point. The inflection point of $1,675-$1,680 was identified in March 2021. The March lows, which developed on our identified diverged cycle, took gold to $1,915. Another drop to $1,680 inflection took place after $1,915 resistance. The drop to $1,680 did not break the diverged cycle's lows. And a sharp reversal above $1,765 produced a sharp bottom with high volatility. The chart below shows that diverging cycle emerge every few years. The diverged cycle occurs when the periods of the short-term cycle, medium-term cycle, and long-term cycle collide. Where ...
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Gold prices formed a bottom at the key inflection point of $1,680 and began to rise towards the $1,800 region. The previous week was designated as the “Wait and Watch” week. As per expectations, prices settled in the $1,795-$1,775 range throughout the week. As we discussed last week, $1,790-$1,810 is the first resistance of this bounce from the inflection point. Gold prices have so far stalled at $1,795. This is a short discussion on the gold behavior after the bounce from the inflection of $1,680 The Gold Behavior The chart below depicts the formation of an ascending broadening wedge followed by the formation of a ...
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The Japanese yen has been extremely strong in recent months and weeks. The bounce from long-term support in all Japanese yen correlated pairs was simply a normal occurrence. EURJPY and USDJPY are expected to fall further in the coming weeks and months. In this section, we will look at the monthly, weekly and daily charts of EURJPY. Let's begin by taking a look at the EURJPY long-term monthly chart. EURJPY Monthly Chart The EURJPY monthly chart shows that the instrument is capped within the symmetrical triangle. The resistance here indicates that prices are about to fall sharply. When price surpassed the triangle line, we stated ...
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