[GVI Forex 2]

BTC DAILY CHART – BACK ABOVE 70K

BTC is playing some catchup with the surge in gold and has moved back above 70000.

Resistance levels are clear as is 70000 the level that needs to hold to keep the record high at ris.

[GVI Forex 2]

Head scratcher start to the week

US yields up. Markets scaling back Fed rate cut expectations.

Gold up (another record)

BTC edging closer to 70k again

Oil dips

USD so far showing little reaction to higher yields although USDJPY edging closer to but still below the 151.97 high but wary of the BoJ.

[GVI Forex 2]

BTC 4 HOUR CHART – Taking a Back Seat to Surge in Gold

BTC continues to consolidate with levels seen just outside 65000-70000.

Weekly chart shows key level at 60750 and 73747 (record high)

[Belgrade Bobby]

April 5, 2024 at 1:56 pm

Gold Intraday

If it closes 4h bar ( in 7 minutes } above 2290.00 , new High is in the cards.

Who’s your Daddy 😀

[Belgrade Bobby]

Gold Intraday

If it closes 4h bar ( in 7 minutes } bellow 2285.00 , 2255.00 will be in sight.

If above 2290.00 , new High is in the cards.

[Ab hk]

The street is full of agenda to persuade laymen to buy gold. Good luck

[Mtl JP]

geo-politics
GOLD is so-far off its high, but not too far

IF sh!te were to hit the fan I d think USD is the one that be more “live” than GOLD
relatively speaking

What do you think of risk of holding USD short over the week-end ?

[SF Monedge]

In about out all day in AudUsd on 8-10 pip dips, gold correlation is fair today. Same with Sterling long side.  Euro will dip eventually as will non Yen pairs, even if not tonight in Asia.  UsdJpy does not like 152 at all.  If it is compromised it won’t last long.

[GVI Forex 2]

A global economic recovery is fueling a blistering commodities rally in 2024 — threatening to derail the Federal Reserve’s efforts to curb inflation and potentially clouding its path to cutting interest rates by mid-year, according to market strategists.

Oil, gold and the dollar are surging. Here’s why that could derail the Fed’s rate-cut outlook.

[Ab hk]

Gold is waiting for the close to do the easy job, 2300+  by AI driven buy…..,

[Ab hk]

The gold bounced right on hourly support, relentless buy…
Dlr/jpy has a ceiling but gold is still luring fishes in. Net not full yet.

[Mtl JP]

¡ay, caramba! que passa aqui ?

Gold 2284 new new HIGH , 10-yr 4.353
both romping higher at the same time is, recent-contemporary-historically, un-usual

[GVI Forex 2]

US 10 year almost up to 4.40% (4.399%)

Stocks feeling the heat, BTC down, Gold is holding up, and waiting for FX to wake up.

[Belgrade Bobby]

USDJPY Monthly

This is NOT a Bitcoin, Nvidia or Gold…this is Yen (not Sparta definitely 😀

Mind you, all time High of Modern times is at 160.360

It is becoming kind of hilarious….a Small correction is like 1000 pips lower, and a decent one…well…how about 2.500 pips .

Trading it on anything bigger than half an hour chart takes some Cojones 😀

[GVI Forex 2]

XAUUSD 1 HOUR CHART – Up but consolidating

I don’t trade gold but look at it and BTC as signs of general distrust of fiat currencies.

Chart levels are clear at 2200 on the upside and support as long as 2167-71 holds.

[GVI Forex 2]

USDJPY 4 HOUR CHART – CONSOLIDATION?

With Goldman raising its 3-month USDJPY forecast (see prior post), let’s take a look at a 4-hour USDJPY chart.

With 151.90 remaining the major resistance (shown on a daily chart), currently protected by 1.5181-86, the current range is consolidating between 150/152, with 151 acting as a neutral midpoint.

The key support is at 150.26. above it keeps 151.90 in play, a stronger risk if 151.00 can become support.

The reason that I looked at the range as consolidation is that the upcoming week is not a normal one

Pre-Easter week and a 4-day long weekend break

A week normally dominated by position adjustment rather than aggressive positioning

Light economic calendar, highlight Friday’s US PCE report

Month/quarter end for many on Thursday with markets closed on Friday-Monday

The actual quarter end is Friday

[GVI Forex 2]

Goldman Sachs revises forecasts for USD/JPY higher

3 months 155 (prior 145)
6 months 150 (prior 142)
12 months 145 (prior 140)

[Ab hk]

To be honest, I don’t quite like the new platform. It seems the posting is not as stable.
Gold has been under many concerted effort let’s see how many lies can be covered before the Bubble bursts. First should be stocks.

[SF Monedge]

Nice commentary from everyone in here today.  My colleagues are of the view June Gold futures are Seller controlled and are selling rallies into the 2196-2225 range.

[wfakhoury Amman]

Gold is in a buy mood to reach 2161.70, as confirmed.
2154.80 is the consolidation level; buy below it, sell above it, and tp at it.
____________________________________
2154.80 Reached from 2160.30