China Discovers $83 Billion Gold Reserves in Hunan China has uncovered gold reserves valued at approximately $82.9 billion (600 billion yuan) in Hunan province, according to state media Xinhua. This discovery solidifies China’s position as the world’s largest gold producer, contributing roughly 10% to global output in 2023. The reserves, located in Pingjiang County, feature over 40 gold ore veins at a depth of 2,000 meters, with a core resource of 300.2 tons and grades reaching up to 138 grams per ton. Experts forecast more than 1,000 tons of reserves at greater depths. Despite its significant production capacity, China remains a net importer of gold to meet domestic demand, with consumption far exceeding output in the first three quarters of 2023. Gold prices have seen a surge this year, driven by geopolitical uncertainties, further highlighting the strategic importance of this discovery. Gold Technical Analysis Gold is currently exhibiting a strong bullish trend, supported by the stabilization of the weekly candle in bullish territory. Here’s the refined analysis: Bullish Scenario: As long as the price stays above 2644 and 2625, we anticipate a push towards 2678, 2706, and 2739. A breakout above 2739 could lead to new all-time highs at 2787 and 2838. Bearish Scenario: For a bearish outlook to materialize, the price must break 2625 on a daily candle, potentially targeting 2585 and 2558. However, this scenario remains less likely under current conditions. Outlook: The bullish scenario is favored due to the ongoing geopolitical tensions and China's significant gold provisions, including the recently announced reserves of 1,100 tons. Key Levels: Pivot Point: 2644 Resistance Levels: 2678, 2706, 2739, 2787, 2838 Support Levels: 2625, 2612, 2585 Trend Outlook: Uptrend This analysis highlights the robust upward momentum in gold, underpinned by global uncertainties and China's strategic reserve accumulation.
Nifty closed the previous week with some Bullishness breaking out from the trend line resistance forming since 27 Sep 2024. Last weeks candle was a Pin bar with some Selling pressure from the top. This is not a purely Bullish sentiment indication. Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 24,800 level. For the upcoming week, for now, Nifty is in a trap zone since it is trading above December Monthly Pivot but below next week's Pivot. Long View ~ Above 24,366 for a target till 24,700 or thereabouts. Short View ~ Below 23,882 for a target till 23,420 or thereabouts. No trade view for any level in between.
https://www.tradingview.com/x/QtjjrNo4/ TESLA - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell TESLA Entry Level - 345.11 Sl - 368.34 Tp - 301.96 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
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https://www.tradingview.com/x/Yl9kb6cO/ USOIL - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long USOIL Entry - 68.11 Sl - 67.42 Tp - 69.48 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello, Skyrexians! In crypto trading and investment it's vital to not only analyze some particular assets, but also macro charts. We have already considered the Bitcoin Dominance chart to predict potential altseason in this article . Today we have even more important asset, the TVC:DXY , which reflects in which type of assets investors are about to be in. When crisis happens investors are scared, selling risky assets and buy dollar. In the worthy times investor are greedy to risky assets and dollar currency index decreases. Today we will try to explain why DXY is about to crush giving liquidity to risky assets like our favorite crypto. Let's take a look at the monthly time frame. It looks like DXY has ended the super cycle of any degree and now is printing correction. Waves A and B are likely to be finished already in this correction. The most impulsive wave C is incoming soon. To measure the targets we can use the Fibonacci retracement for the entire Elliott Waves cycle. Area between 0.5 and 0.61 is going to be our target. That's why we are waiting DXY between 88 and 93. Inside this area we plan to wait for the green dot on Bullish/Bearish Reversal Bar Indicator which works great in the past. Important note here is that you have to disable MFI filter on this indicator to work correctly on DXY. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
the Bitcoin forms a positive cup and handle formation with target to 122000
**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and VIX. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 15 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
We have shared many analyzes here and achieved pinpoint success in most of them. Have some trust in the brand, this is XU99. I'm longing from bluebox. There is a nice volume in ICP. Sounds like it gives a sweet buy on Sunday evening's pullback. I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Hits ? DOGEUSDT.P | 4 Reward for 1 Risk (or more if you’re bold). DOGEUSDT.P: Next Move ? RENDERUSDT.P | HTF Sniper Precision RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P | Buyer Zone So Accurate You’ll Double Check ETHUSDT.P: Where to Retrace ? BNBUSDT.P | Buyer Zone Mastery (CZ vibes). BNBUSDT.P: Potential Surge ? Bitcoin Dominance | Called it Like a Pro BTC Dominance: Reaction Zone ? WAVESUSDT.P | The Blue Box: A Demand Zone with Potential WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P | Long-Term Trade UNIUSDT.P: Long-Term Trade Now sit back, relax, and watch the market do its thing. Or don’t, FOMO is real. ?
DXY @ 105.78 Supports: 103.34/100 Resistances: 108.21/114.89 As long as 103.34 supports, I expect another upmove towords 107.9-108.5-109.77. If break 100, downside can be 96.5/92.77/87.64/83.6. #dxy #usdollarindex #dollarindex #usd #dollar #eurusd #fiber #euro #eur