Gold Market Update – 6th April 2022

Gold Market Update – 6th April 2022

Gold miners vs Gold ratio Gold miners should be one of the best performers on the ASX in 2022-2023. Gold miners haven't been this cheap since the GFC or covid crash. Wait until gold make new highs in 2022 and the FOMO kicks in! Lithium 2.0 as soon as this double...

Gold Market Update – 30th March 2022

Gold Market Update – 30th March 2022

We are still sitting on strong weekly support of $1910-1920. It needs to hold this support, otherwise we will see further downside towards $1830-70 (purple circle). If we can get a weekly close above $1960, we should continue back towards all-time highs and beyond....

Gold Market Update – 23rd March 2022

Gold Market Update – 23rd March 2022

As mentioned last week we are sitting on strong support $1910-1920 which it has been respecting all week. It needs to hold this support, otherwise we open the gate to further downside towards $1870. If we can get above $1950 we should continue back towards the $1970...

Gold Market Update – 16th March 2022

Gold Market Update – 16th March 2022

As mentioned last week we were quite overbought and needed to cool off after such a parabolic run over the last month. We have printed a shooting star reversal candle (see paragraph below) with bearish divergence on the weekly, which means there still may be some more...

Gold Market Update – 10th March 2022

Gold Market Update – 10th March 2022

Gold has broken through the resistance of $1960 and has hit previous all-time high. It is currently showing that it’s quite overbought so will need to cool off before it’s able to build more bullish momentum. The previous levels of resistance at $1960 and $1910 should...

Gold Market Update – 3rd March 2022

Gold Market Update – 3rd March 2022

Gold has broken through the resistance of $1910 and now the $1870-1910 zone, should act as support. We need to get a weekly close above $1950-1960 to continue the bullish momentum towards the previous all-time high in the $2000s. Major support is $1680. Looking at the...

Gold Market Update – 23rd February 2022

Gold Market Update – 23rd February 2022

Gold has been in major consolidation for over 500 days creating a symmetrical triangle. This is typically a continuation pattern after a bullish uptrend. It has broken bullish out of the triangle and ran into the next zone of resistance at 1910. I am expecting a...