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Market Updates

Dollar Down Into Key Support Area, If it Slips Might Fall Another 50 Pts

The pattern is bullish. You don't want to see $2025.40 taken out. If it is, it doesn't start a downtrend, it just wipes out the chance of an uptrend.

Technical Scoop: New Highs, Precious Accumulation, Due Debt

What worries us about gold is the forming of what appears to be a descending triangle. Naturally, we don’t want to see that, but if that bottom end near $2,000 falls out, the fall could be a drop to $1,835.

Asian Metals Market Update for 26th February 2024

Gold should break free from $1990-$2060 wider trading range and form a new range over the next two weeks. Spot gold has to trade over $2028.00 to rise to $2047.60 and $2064.00.

Ingredients for Huge Rally in Gold Stocks

Should the gold stocks become even more oversold and Gold fall below $2000, it would create the setup for a dramatic rebound.

Gold – Short n’ Sweet

Clearly Gold’s baby blue dots of trend consistency are directionally neutral, whereas the Profile suggests trading support in the 2030s, (but we’re not holding our breath).

Gold Futures Reloaded

The coming gold-futures buying alone will push gold much higher. The euphoric AI stock-market bubble should soon roll over, which should also boost gold investment demand.

Gold Stocks: Bullish But No Buy Signal Yet

We make plays on NUGT, DUST, JNUG, UCO, and other key leveraged ETFs, as well as some individual stocks. Tight stop losses on every trade keep drawdowns in check.  

The PCE Report: A Rocket Launch For Gold

On this weekly line chart, gold is consolidating what appears to be a major breakout from a broadening formation. The top of the formation is the key $2000 price zone, making this breakout a very significant event.

Gold Still Looks to be Under Selling Pressure

When you're over an 18-week average and you come back often, the market will stall there figuring out what the next move is. When we look at the daily bar chart today, you had an outside day to the downside.

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