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GOLD Making Slow Progress to $2,567.50
GOLD is gradually making some upward progress towards the red resistance line around $2,567.50. There is some volatility in these moves, but over time GOLD has been trending up. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreU.S. Steel Corp. ($X) Plummets to Support Level
U.S. Steel Corp.’s stock fell more than 17% today after reports that President Joe Biden plans to prevent the company from merging with Japan’s Nippon Steel due to national security concerns. X is trading near a key yellow support level, and X could bottom out around $26.90. The price has dropped sharply so I would […]Read More
SLV Trading Near $27.29 Resistance
I shared my thoughts on how each asset class tends to perform after the Fed pivot, and surprisingly silver tends to trend down while gold tends to trend up. If this historical trend continues SLV is at risk of dropping down to retest the red resistance line around $21.30. The price has been struggling to […]Read More
GOLD Forming New All Time Highs
GOLD has rallied above $2,500 and continues to trend higher to new all time highs. GOLD is currently attempting to break through a key resistance level at $2,567.50, and I have $3,026.62 as my next key target. GOLD tends to move slowly, so it will take several months to trend up. However, I think the […]Read More
BTG Starting to Show Bullish Momentum
While GOLD continues to rise to new all time highs, BTG has experienced little upside. However, there is bullish momentum starting to form, and BTG needs to break above $3.19 to rally higher here. There is potential for 100% ROI if BTG manages to rally back to new all time highs. For now the next […]Read More
GOLD Flipping $2,570 Into Support
GOLD is one of the most bullish trades right now, and I think GOLD will trend to $3,000+ over the next few months or quarters. GOLD also moves slow so these moves could take some time to play out. GOLD has reached my first price target at $2,570 and is flipping this price target from […]Read More
How S&P 500, Gold, and Bitcoin Perform During Major Geopolitical Events
This table compares the S&P 500 (SPX), Gold, and Bitcoin (BTC) returns during major geopolitical events over two timeframes: 10-day returns and 60-day returns. Key Takeaways: General Insights: Overall, Bitcoin appears to be the most volatile but with the highest long-term potential returns during major geopolitical events, whereas Gold offers more stable, safe-haven performance. SPX shows resilience but can be negatively affected […]Read More
Post-FOMC Market Update:
The markets believe that we are trending towards a soft landing, which is causing defensive positions to get punished and risk-on positions (like stocks and crypto to get rewarded). I personally don’t believe we are trending for a soft landing and I think there is a lot of market risk buying at these price levels. […]Read More
The End of an Era? Cushing’s Oil Storage Declining Due To Shifting Global Flows
The world of crude oil storage and transportation is undergoing a significant transformation, one that could have far-reaching implications for the energy markets in the U.S. and beyond. At the heart of this change is Cushing, Oklahoma, a critical hub for crude oil storage and a key location for the pricing of West Texas Intermediate […]Read More
SHIB Trading Above $0.000022 Resistance
SHIB has been trading sideways above $0.000022 resistance for the past few weeks, and is trying to avoid a pullback. I think there will be a downtrend towards $0.000022, and I have $0.000018 as a greedy buy level to monitor. SHIB is not as hyped as DOGE and PEPE this cycle, but I think SHIB […]Read More
Bitcoin’s Thanksgiving Volatility Continues
After last night’s update, BTC failed to hold above the white support level around $94.1k and dropped down to the yellow trendline with support around $92.1k. This morning BTC is attempting to form a rebound at $92.1k, we’ll see if this support level manages to hold. There’s been a lot of red so far this […]Read More
QQQ Continues to Show Volatility During Thanksgiving Week
QQQ has experienced some pretty wild swings in both directions with these three key trendlines to monitor in the short term. Yesterday there was a bullish gap above the yellow trendline that was followed by a selloff back down. I think QQQ has rallied back up towards the yellow trendline with resistance around $509.50 and […]Read More