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Trade Archives - Is the Gold crash over?

Gold and other various commodities have been the apple of the eye of many investors and traders lately. Especially during this time of the commodity supercycle.
Read this newsletter and allow yourself to know more of happening in the financial market. If you find this information use-full, Don’t forget to subscribe and share it with your friends and everyone who you think it would be useful for example Traders, Investors, CEOs, CFOs, etc…
Enjoy your read.

Market News Update
  • Big companies such as Amazon are looking forward to purchasing their products with Bitcoin and various other cryptocurrencies. By adding a new payment gateway.
Bitcoin Magazine
Amazon is looking for a “Digital Currency and Blockchain Product Lead.” 👀

"We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible."
  • US debt has raised to 3o trillion,
Possibility of a Global financial crisis, US printing money, European printing money, and china are also doing the same. Here we have Yaron Brook speaking his thoughts and sharing valued information.
U.S. headed towards ‘bankruptcy’; Gold will protect you, everything else will ‘get crushed’
U.S. headed towards ‘bankruptcy’; Gold will protect you, everything else will ‘get crushed’
  • Gold holds 1790 support
Gold has been hit hard lately but has found its way to hold on to the price at 1790 or 1794 to be exact.
Prices have been moving to a consolidation pattern, we could identify a breakout soon this week.
Understanding the market technicals
Starting with Gold -
Gold is forming a downward range, Every time the sellers sell, buyers were able to push back. This resulted in a lot of fake-out in the hourly chart and below. but to be noted that there was not enough strength Hence the consolidation.
I am personally looking forward to a breakout to the upside from the consolidation this week, If that does not happen then we could witness a major sell-off in the coming weeks. before the actual rally begins.
Silver Analysis
According to the monthly chart and prices might break the downside till prices @23.00 will be a major support.
After which when the prices reach the lowest point and continue to rally further to make Higher highs.
Silver is directly correlated to Gold at this particular point, So if you have any confusions you check with the other… Just kidding.
Don’t do this unless you know what you are doing.
Conclusion
These are the two assets I am focusing on currently, So if there is any other you want me to do analysis for you can tweet me, I will include it in the next newsletter.
For those who are not familiar with Trade Archives. I sent this newsletter weekly twice. on Monday and Wednesday.
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Mithun Suresh

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