Please note, no update videos for the remainder of the week. Gold's monthly trend is up, upper Bollinger band at $1,966 area and rising..
Aggressive interest rate hikes by Federal Reserve is needed to bring down commodity price inflation.
Positions as of 12 April, 2022
Inflation may have peaked but does it mean that the rate will come way down? Gold has good support around $1,946.40 with resistance..
Lower low and lower high, market overbought into resistance. Hard to say that all systems are go just yet.
If we see a sustained break of 4400SPX in the coming weeks instead, then the door opens to revisit the 4000SPX region again before any bullish set up may develop again.
Abbreviated week ahead. Market will be focused on CPI. Gold has upward momentum, overbought and hit the upper Bollinger Band..
Gold is trying to break out as the patterns remain bullish and the gold stocks are leading. Oil is still consolidating but is not showing signs of breaking down..
Zimbabwe’s mining industry sees a funding shortfall of $10 billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility.
Energy is in an intermediate decline. There is one market that is set-up to produce a strong trending move -- and that is the precious metals: