Yesterday, I pointed out that #GOLD struggled to break a short-term trend line acting as resistance and also broke another trend line that was providing support, suggesting it could drop further. Some of you laughed at me because this didn’t happen on Friday, and gold even closed the week at a new all-time high.
However, notice that it is still below those lines. As long as gold stays under them, it remains in a vulnerable position. I wouldn’t be surprised if it starts to fall next week. And if gold drops, #Silver is likely to follow.
Apologies for the negative tone, but this is what I’m seeing. $XAU
Gold 🥇 has just finished the week with the highest weekly closing price ever, which is a very positive sign.
There is still an important resistance level above the price near $5,091. However, the price is moving inside a rising wedge pattern with a flat top, and this type of pattern is usually seen as bullish in technical analysis.
Now the price is getting close to a key decision point, where the rising trend line below and the resistance level above meet. At this moment, the market will likely choose its next direction.
If gold fails to break above resistance, the price will probably move sideways and consolidate below the trend line for some time. This would be a normal pause before the next bigger move.
But if gold successfully breaks above resistance, the next possible price targets could be around $5,977 to $6,184.
At the same time, there is also a hidden bullish divergence on the 4-hour chart, which is another signal that strength may be building for new all-time highs in the future.
Because of all these signals, next week could give very important clues about where gold is heading next.
For now, everything remains in position — and the outlook still looks strong. 🫡 $XAU
Even with the recent ups and downs in price, gold has just finished the week at the highest closing level in history.
The recent drops in silver are helping to reset the market. This means short-term traders and weak holders are leaving, while more patient and long-term investors are taking their place.
In the short term, it would be normal and healthy for prices to move slowly or sideways for a while. But the bigger, long-term trend is still clearly strong and moving upward.
Most importantly, at the current prices of gold and silver, many mining companies are making very strong cash profits. This shows the overall situation for the metals sector is still positive.
Because of all this, the market setup still looks strong, supportive, and ready for future growth.
Gold may slowly move upward and form a rising, sideways pattern over the next few months. After this quiet buildup, the price could break above the $5,600 resistance level around the middle of the year.
This means the market might spend some time preparing before a bigger move higher happens. Because of this possible setup, now could be an important time to get ready and plan ahead instead of waiting for the breakout to already happen$XAU
Aproximativ 2,44 milioane de uncii de argint au fost scoase din depozitul JP Morgan după ce prețurile argintului au crescut cu 10% joi.
Încă 345.000 de uncii au fost, de asemenea, eliminate din seifurile CNT.
🚨 Cantitatea de argint înregistrată pe COMEX a scăzut cu 130.217 uncii, aducând totalul la 92,9 milioane de uncii.
🚨 Totalul argintului stocat în COMEX a scăzut cu aproximativ 2,8 milioane de uncii, lăsând în total aproximativ 376,4 milioane de uncii.
Pe scurt, o cantitate mare de argint părăsește depozitul în timp ce prețurile cresc, ceea ce arată o cerere puternică și o ofertă restrânsă pe piață.$XAG $XAG
The S&P 500 is near its highest level, but the market is not healthy underneath.
Right now, only a few very large companies are driving most of the index: • Top 10 companies ≈ 39% of the index • Magnificent 7 ≈ 33% • The other 493 companies have much less impact
This level of concentration has not been seen in over 60 years.
If just a few big companies fall, the whole market could drop quickly.
My view: Be careful and avoid buying too aggressively. Focus more on energy and agriculture instead of tech for now.$XAU
Cazul meu optimist, V-ul imediat nu s-a manifestat, dar acum am format o bază solidă deasupra suportului, un model de cap și umeri. Este o structură solidă pentru prețuri mai mari. Rămân optimist aici. #silver $XAG
🚨 Atenție: O prăbușire mare a pieței ar putea începe în curând.
Datele noi de la Rezerva Federală arată probleme grave.
Inflația scade, nu crește: • CPI principal: 2.4% (mai mic decât se aștepta) • CPI de bază: 2.5% (foarte mic, aproape de minimul de 5 ani)
Dar pericolul mai mare este economia slabă: • Piața muncii se înrăutățește • Plățile ratate ale cardurilor de credit cresc • Falimentele companiilor sunt în creștere
Riscul principal: Inflație scăzută + rate ale dobânzii ridicate + economie slabă pot provoca deflație și panică pe piață.
Nu există o soluție ușoară, iar orice mișcare a Fed-ului ar putea aduce mai multă volatilitate.
Sfaturi simple: Fii atent, gestionează riscul și protejează-ți banii.$BTC $XAU