Gold Predictors

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The weekly chart shows that Friday's bounce in #USD following inflation data carried the index back to the resistance line.
NEW YORK, June 10 (Reuters) - Global equity markets slumped and the dollar strengthened on Friday after a bigger-than-expected U.S. inflation spike in May raised concerns the Federal Reserve may tighten policy for too long and cause a sharp slowdown. reuters.com/markets/europe…
This is how #Gold reacts after hitting our predicted inflection of $1,790. Despite the strong close on Friday, price is still within our identified range of $1,830 and $1,875. The High on Monday Openings was $1,878.60. Further illustration on next article.
Theoretically, when the numerical combination of the price of tank of gas plus mortgage rate is greater than 10, it is likely a #recession will follow; Current Gas price ($5); However practically we are already in recession. Real recorded recession will be following in early 2023
Monthly chart demonstrates the significance of current #USD levels, where the first attempt resulted in a pullback with another test of the strong area.
Central banks said this week they will continue to accumulate gold in the months ahead. Gold holdings by central banks is already at 31 year highs. This comes at a time when many fiat currencies are racing to zero when measured against #gold. History rhymes…
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Global recession is coming. Yesterday's inflation surprise in the US pushed up the real 30-year fixed rate mortgage another 25 bps (black). Monetary policy in the US works via housing and it's the housing market that will go into deep recession to get US inflation under control.
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Soaring US interest rates & strong Dollar pose significant challenges for China. Not only is strong dollar undermining #Chinese businesses that have borrowed in #USD at low rates, but it threatens to destroy #China's $5 trillion Belt & Road initiative, funded by US-dominated loan
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BREAKING NEWS: AMERICANS OWE $22 BILLION IN LATE UTILITY BILLS AS ENERGY PRICES HAVE SOARED 34% Global energy crisis = inflation crisis.
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#Inflation is running out of control, stocks and bonds are tanking, and @CNBC doesn't invite a single guest on their air to recommend #gold, which rose $24 today. Instead, they invite my friend @APompliano and others to pump #Bitcoin, which is teetering on a cliff about to crash.
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Annual #CPI in US rose to 8.6% in May, exceeding the market expectation of 8.3%, allowing USD to strengthen further. #Gold remained sideways between $1,830 and $1,875 throughout the week, as per our expectations. twitter.com/GoldPredictors…
#Gold formed triangle, & we anticipated breakout from blue line to look for higher with 2075 as yearly pivot. March 2022 closed successfully above line, but April & May indicated a false breakout. However, price is still within structure & pending decisions in vicinity of 1790.
Retweeted by Gold Predictors
Soaring US interest rates & strong Dollar pose significant challenges for China. Not only is strong dollar undermining #Chinese businesses that have borrowed in #USD at low rates, but it threatens to destroy #China's $5 trillion Belt & Road initiative, funded by US-dominated loan
During the latest weekly letter on Monday, we expected $1,875 as strong resistance and consolidation for a few days. #Gold has been consolidating below the resistance level and is likely to consolidate further.
Retweeted by Gold Predictors
#Gold formed triangle, & we anticipated breakout from blue line to look for higher with 2075 as yearly pivot. March 2022 closed successfully above line, but April & May indicated a false breakout. However, price is still within structure & pending decisions in vicinity of 1790.
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