I've been hitting the following key on the computer for a while now; "Is the world better?"
Has Quantitative Easing (QE) provided globally by central banks around the world finally dried up?
If the answers are yes to all of them, just answer this naive question that I will ask next; Why is gold surpassing its all-time highs? I just need this answer, right!?
It's been a while since I've seen the possibility of forming an H&S graphic pattern, and at the moment it seems to me that it has been formed, and now, all that's left to do is take hold and capture all the possible values of the FIB plotted in the image below.
Observation. The red lines are resistance points. If he is defeated, the white line, and consequently the yellow lines, will be his targets.
Coming to the short term, we have this upward channel emerging and being very well respected by prices. What a thing, right?
But when I go to the medium-term chart time, it seems to me that prices are trying to make a correction up to the 2K band to know which way prices should go, but all this is driven by our beloved SPX, which given the FED doesn't By reducing interest rates, the bulls are just on the lookout for the bears, to see if it is the right time to leave the lake and return at another time to drink water.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Has Quantitative Easing (QE) provided globally by central banks around the world finally dried up?
If the answers are yes to all of them, just answer this naive question that I will ask next; Why is gold surpassing its all-time highs? I just need this answer, right!?
It's been a while since I've seen the possibility of forming an H&S graphic pattern, and at the moment it seems to me that it has been formed, and now, all that's left to do is take hold and capture all the possible values of the FIB plotted in the image below.
Coming to the short term, we have this upward channel emerging and being very well respected by prices. What a thing, right?
But when I go to the medium-term chart time, it seems to me that prices are trying to make a correction up to the 2K band to know which way prices should go, but all this is driven by our beloved SPX, which given the FED doesn't By reducing interest rates, the bulls are just on the lookout for the bears, to see if it is the right time to leave the lake and return at another time to drink water.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Comment:
Hey guys. Just updating the graph. The bullish channel is still active. Will prices seek the 2,341 region?
