ETF market
Buy Goldbees for the long runStart Buying Goldbees as you wont get it at the current levels after 1 Jan 2023. The Chart is very clearly depicting a strong Bullish Upmove on Gold.
It could be due to high inflation or it could be due to rising commodity prices or it may be due to Government printing money. Whatever the reason is look at Rate of Change indicator below. The Roc is depicting that there is a clear breakout and the Current prices are above 6M 12M 24M & 36M EMA.
Cup and Handle pattern right after floor is consolidated? Because of the gas supply problem europes going to face, I doubt it will keep going down, there's only up, how fast it goes up depends on the gravity of the Russian invasion or if it drags on until next fall.
Change in the downward tendency, with big volumen especialy during handle dip.
my projection is 170 USD by september.
Analysis of IWM(Russell 2000)Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose.
1.IWM has been in a lower high lower low structure after the false break out.
2.The long consolidation support area was broken indicating that the activity during consolidation was distribution.
3.IWM has paused its downtrend & has formed a 1-2-3 structure & also evidenced through positive RSI divergence.
4.However, the current up move from a low of 188.09 is not
Technical ANalysis of XLEDisclaimer: I don't own shares of XLE . This analysis is not a trading or investing recommendation & is only for educational purpose.
1. XLE has been going up slowly & steadily since Mar’20 after putting a bullish 1-2-3 pattern marked by the successful break of point#2 of the pattern.
2.In Jan 2022 price crossed a major downtrend resistance line (dotted line) that has been valid since July 2014.
3.Price then re-tested the resistance converted support in the week of 18-Jan-22 & failed to break t























