The gold market reaction continues, and the daily closing price chart does a good job of highlighting key buy zones for investors.
We are in the declining phase of an intermediate decline. I think our bottom in gold will be in the 1,850-1,900 area..
Debt-limit games continue and the deal could still fall apart. Gold continues to trade well above the 18 month average ($1,837.20).
Big three weeks ahead with US jobs, US inflation numbers and Federal Reserve meeting and other central bank meetings.
Recession or no recession? Apparently Germany has fallen into a recession. Could we be far behind? The indicators keep saying yes we will.
Microsoft's bullish rampage last week added to already strong evidence that the stock market is headed to new records highs.
Therein, the green zone encompasses Golden Ratio support spanning from 1912 to 1874.
Technical stock chart updates on $GDX, $XLE, $NUGT, $BRO.v and more.
Positions as of Tuesday, May 23, 2023
Most traders do the opposite of what they are doing. These are the buying opportunities in gold bottoms (into the i.c.l.)
