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Posts by "david"
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Posts by Anonymous "david":
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 |
3 Faces of $2000 Gold
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As gold regains $2000/oz for the third time over the past three years, it's important to distinguish the fundamental and intermarket dynamics for each of these three occasions ($2000/oz) before assessing the road ahead. There are endless combinations of metrics to be used in comparing August 2020, March 2022 and today. I will use the DXY, gold/silver ratio, Fed Funds rate and the Fed's Balance Sheet.
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Have really enjoyed and benefited from following your analysis for several months.
Have seen your call for GBPUSD to target 1.62 by year end if it can get by critical resistance at 1.58. On daily charts, 62% fibonacci of last move down from 1.6671-1.4557 is at 1.5857; 79% fibo at 1.6214. Why do you predict 1.62 vs. 1.58 target for year end? Thanks very much.