Tag: Gold

Dollar & Interest Rates Could Spur Bitcoin & Ether Top in Late-December!

12/19/23 – “The Dollar Index resumed its decline after testing & holding its weekly LHR (103.82/DXH) and descending daily 21 High MAC last week, projecting a new sell-off into the next phase of its ~4-week cycle in late-Dec ’23. That is also when a ~24-week low-low-low-(low; Dec 26 – 29, ’23) Cycle Progression would mature.  Corroborating that, the Dollar Index just tested and held its weekly HLS (102.18/DXH), portending a 1 – 2 […]

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Bitcoin & Ether Enter Topping Process; Late-December Dollar Cycle Lows Corroborate.

12/16/23 – “The Dollar did see a new decline as the Euro & Yen rallied.  Those moves could ultimately stretch into late-December.  Gold & Silver surged from intermediate support levels but need to turn their daily trends up to show additional strength… The Dollar Index resumed its decline after testing & holding its weekly LHR (103.82/DXH) and descending daily 21 High MAC last week, projecting a new sell-off into the […]

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Gold & Silver Reinforce Inflationary Outlook; Crude Bottoming; Focus on July 2024.

12-13-23 – Time for a New Inflationary Surge?  “There is an additional reason why multiple inflationary ‘entities’ are now more likely to move higher in the coming weeks or months… the Fed has publicly acknowledged a shift in thinking – hinting that inflation has peaked while revealing expectations that three interest rate cuts are likely in 2024. Before reiterating some of the other inflationary (or […]

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Bitcoin & Ether Fulfill Upside Targets; Begin Topping Process. Watch Early-January.

12/13/23 – “The Dollar Index resumed its decline after testing & holding its weekly LHR (103.82/DXH) and descending daily 21 High MAC last week, projecting a new sell-off into the next phase of its ~4-week cycle in late-Dec ’23… a type of Intra-month Inverted V.  That is also when a ~24-week low-low-low-(low; Dec 26 – 29, ’23) Cycle Progression would mature. That could also be a decisive time with regard to the Dollar’s monthly 21 […]

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Gold & Silver Fulfill December ’23 Cycle Highs; Focus on April & July 2024.

12-12-23 – “Gold & Silver are closely adhering to their 4Q 2023 outlook.  They sold off sharply after precisely fulfilling upside projections, spiking to new highs on Dec 4th – with Gold perfectly fulfilling its upside wave target at 2152/GCG (intraday high was 2152.6/GCG) – and setting what would likely be multi-week highs. Gold also attacked and held its Intra-month PLLR (2149/GCG), reinforcing the likelihood for a peak near/at 2152/GCG. […]

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Bitcoin & Ether Initially Fulfill Upside Targets; Dollar Projects Final Sell-off.

12/09/23 – “The Dollar Index has rebounded after reaching multi-week downside targets & support (~102.40/ DXZ), setting a multi-week low.  That also fulfilled a 26 – 29-day high-high-high-(low; Nov 27 – 30) Cycle Progression and ushered in a new rally.  The new daily & intra-month trends quickly validated that, reversing up and projecting a rally into mid-month. It tested & held its weekly LHR (103.82/DXH), a sign of an imminent high. […]

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Gold & Silver Fulfill Dec. ’23 Cycle Peak; Corroborate Outlook into July 2024.

12-06-23 – “Gold & Silver precisely fulfilled ongoing projections, spiking up to new multi-month highs on December 4th – with Gold perfectly fulfilling its upside wave target at 2152/GCG (intraday high was 2152.6/GCG) – and setting what would likely be 1 – 2 week highs.  Gold also attacked and held its Intra-month PLLR (2149/GCG), reinforcing the likelihood for a peak near/at 2152/GCG. By extending that rally into December 4, ‘23, Gold […]

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Bitcoin Reinforces 45,000+/BT Upside Target; Dollar Drop into Late-December Likely.

12/06/23 – “The Dollar Index reached multi-week downside targets & support (~102.40/DXZ), setting the stage for a 1 – 2 week low.  It also fulfilled a 26 – 29-day high-high-high-(low; Nov 27 – 30) Cycle Progression while reinforcing the developing negative structure of the monthly trend & wave structure. That spurred an initial rally that turned the daily & intra-month trends up, reinforcing the recent low.  That could spur […]

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Gold Fulfilling Projected Surge into Dec 4th and to ~2152/GCG! What Should Follow??

11-30-23 – “Gold & Silver are rallying steadily after correcting into daily cycle lows on Nov 10/13 at which time Gold attacked & held its weekly HLS at 1937/GCZ (see Nov 10, 2023 chart, reprinted above) while Silver completed a 50% retracement of its initial advance. That low fulfilled a 26 – 29 trading day high-high-high-high-low-(low) Cycle Progression and paved the way for Silver to rally into early-Dec ’23 – when a […]

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Gold Fulfilling Projected Surge into December 4th and to ~2152/GCG! Final Spike Imminent.

11-29-23 – Gold, Silver & XAU Rallies Continue: “Gold & Silver are rallying steadily after correcting into daily cycle lows on Nov 10/13 at which time Gold attacked & held its weekly HLS at 1937/GCZ while Silver completed a 50% retracement of its initial advance. That low fulfilled a 26 – 29 trading day high-high-high-high-low-(low) Cycle Progression and paved the way for Silver to rally into early-Dec ’23 – when a ~7-month/~30-week high-high-high-(high) Cycle […]

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