The Conference Board (a non-profit research organization in the United States, specializing in providing reports and analysis on economic issues, jobs, labor markets and long-term trends) announced on Tuesday that the US consumer confidence index fell to 92.9, down from a revised 100 in February. This data was weaker than expected, as economists had predicted a smaller decline, only falling to 94.2. Société Générale (SocGen - a large multinational bank based in France) has just announced its multi-asset portfolio strategy for the second quarter. The bank still holds 7% of its portfolio in gold and forecasts that the price of gold could reach $4,000/ounce. At 7%, gold remains the largest commodity position in SocGen’s portfolio. “Gold remains a strong asset amid the geopolitical reshaping of the US, which has triggered strong policy responses,” the analysts said. Although gold prices are currently hovering above $3,000 an ounce, SocGen expects gold prices to continue to rise. The French bank forecasts gold prices to average around $3,300 an ounce in the fourth quarter. Geopolitical uncertainty continues to support gold as an important global currency, the analysts said. They also pointed to conditions that could push prices to $4,000 an ounce.
Using the above chart as a Macro indicator you can see that the time to buy AMD has arrived. Each time the RSI moves to an oversold position in the 3 week we often see great returns. The exception being 2008 where the period was much longer than usual. Yesterday I finished back testing AMD from 1972 to 2025. I came out with a 85% win rate over those years. I did not use the chart above either as it would have created an unfair bias for my normal trading strategy and rules. 1994-1995ish was the first bad trade and another stumbling block was 2008-2009. As it was very drawn out and stop losses were triggered. Using the 85% Win Rate strategy and using the above chart shows us the following: RSI: Tickled the oversold zone. I am sceptical of this as I do not think the move will be a massive one as it barely touched the zone but in previous years we will still see a 30-40% move in similar cases. Phoenix Bollinger Bands: This indicates that price is where its suppose to be. On lower timeframes it also shows that price does have the potential to expand to 130-140 range. Strategy: The strategy that I use is indicating that the 2 week buy signal is 2 days away from confirming. I have the following things to do: 1) Update tomorrow if Buy Signal is confirmed. If was more aggressive I would be buying today but because its only a 85% win rate and not 90%+ like the others I will wait. 2) Regardless if price goes down from here or not. I will start to build a position from tomorrow. Sorry that I did not post all the charts etc in this one today. I am just a bit busy with my own trades and thought I would try get this out ASAP. Have a blessed day and Stay Adaptable.
Projection of further buys on #SILVER We have an impulse pattern formation. Waves 1 and 5 are typically equal with that idea, we can anticipate the price to continue moving to the upside and break the current minor range.
On the one hand, the adjustment of the bulls is not enough, and the indicators show that there is still further downward exploration. On the other hand, although the current shock has rebounded, the strength is not strong and the continuity is poor. It is a shock upward trend and may fall at any time. Be cautious when bullish. It should be noted that since the bulls rose strongly in the early stage, the market turned to bearish, or the rhythm of bull adjustments would not be so fast. Therefore, yesterday's positive daily line was not a return of bulls, but a correction in the process of decline. Gold is expected to be bearish today. In the morning, it hit the bottom again and rebounded at 3016. A break of this level means that the market is weakening. For the rebound during the day, we should focus on the top position and look at the performance of the European session. The earlier the market performance, the clearer the trend.
As I mentioned in the recording, there are multiple completions of 5-waves with the last wave as an ending diagonal. Good luck!
https://www.tradingview.com/chart/AqyLSVRF/?symbol=KRAKEN%3AASTREUR
? Nothing Changed About My Bitcoin Scenario ? Still The Price Playing At The Rising Wedge And Probably We Will Have a One More Leg up To The 90300$ As a Wave 5 From C PRZ ? Totally Bitcoin Structure Is Bearish For Me And 70k Is a Main Target I Expect
**Key Features of the Chart:** 1. **Support and Resistance Zones:** - A **Resistance** zone is marked in the upper region (around **3,032 - 3,036**). - A **Support** zone is marked in the lower region (around **3,004 - 3,008**). 2. **Projected Price Movement:** - The blue zigzag line suggests a potential upward movement towards resistance. - After touching resistance, a bearish reversal is anticipated, leading to a drop towards the support zone. 3. **Highlighted Trade Setup:** - A **short-selling opportunity** from resistance to support. - The red shaded box above resistance indicates a possible **stop-loss zone**. - The green shaded area represents a potential **profit-taking zone** if the price moves downward. **Technical Analysis Interpretation:** - If price **rejects** the resistance, it could trigger a **downtrend** towards support. - If price **breaks above** resistance, the bearish scenario may become invalid.
Macro: - The Japanese yen weakened in the last few days as markets eyed the potential impact of upcoming US reciprocal tariffs on key Japanese exports. - Minutes from the BoJ's Jan meeting showed policymakers remain open to further rate hikes, depending on wage growth and inflation data. - Recent comments from US President Trump helped ease the concerns about the escalating tariff war, boosting the overall market's sentiment. Technical: - USDJPY broke the descending channel to give the first glimpse of a potential trend reversal. The price is hovering around its previous swing high, waiting for a clear breakout to determine the upcoming trend. - If USDJPY breaks above 151.00 and EMA78, the price may surge further to retest the following resistance at 154.70. - On the contrary, remaining below resistance at 151.00 may prompt a retest to the broken descending channel and the support at 148.60. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
BUY 1.53950 | STOP 1.53350 | TAKE 1.54650 | A small corrective movement within the main wave of the trend.