EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
probably won't see the pullback i was hoping for....
pullback will be limited to 3425(if any).... max to 3390/3400.... then will probably continue higher to 3540/50 level then a little correction back down to 3420/30 b4 targeting mid 36xx level....
only break below 3357 will see the correction back down to low-mid 32xx level b4 heading higher to 36xx level....
Yo MO.....
1.3650/70 a would be a target.... but maybe 1.4000 is a bit too far off for next week....
if(and only if) Euro manages to settle above 3650 level.... will open up 4000~4200 level..... but that would take some time in my opinion....
gl/gt
have a good weekend everyone!
just realized what i was doing... :)
jumped to a new level by stabilising above 3400 level.... wouldn't wanna see 8 hour close above that level.... if so may see continuation to 3350/60 area....
still expecting dip from current level to 3340/50 b4 extending higher to 3465/75 level....
3375/80 is the key area whether we see continuation higher or see the dip to 3340/50 first.... only clear break of 3340 may see further dip to 3280/90 area....
profit taking would be in the cards going into US close... but if it doesn't materialize today... probably early part of next week....
buying the dip would be the preferred strategy... but i guess i'm doing the opposite... :)
4 hr long from 3143 still holds until it doesn't....simple
3360 area watchpoint.... has pulled apprx 233p away from 55sma 4 hr...usual take partial profit area 4 hr..when there IS a mono trend..