October 24 (Fri): [Bollinger Bands] Nikkei 225 vs. GOLD
This time
it is generally said to be negatively correlated with stock prices
“GOLD”
in comparison.
【Overall Scenario Probability】
This week's overall market is…
「Rise: 50% ／ Fall: 50%」
※ Nikkei 225 〖4-hour chart〗【Squeeze】 transition, the four major U.S. indices continue to move upward, leaving direction indecisive.
※ Presented as a reference level.
【This Week's Market Focus Points】
This week’s market may reach an important turning point.
Generally, signals of a reversal downward in GOLD, which is negatively correlated with stock prices, are strengthening, and on the 〖4-hour chart〗 price is held down by a downward MA, suggesting a downward-biasing situation. If the 〖daily chart〗 breaks below the upward MA, it could fall to -2σ, and if a weekly chart forms a composite Pin-bar, a decline from a “closed-off state” toward a MA reversion is possible.
On the other hand, the Nikkei 225 has an ongoing upward Bollinger Band waveform from the 〖monthly〗 to the 〖daily〗, but the 〖4-hour chart〗 is moving toward a【Squeeze】, and with the downward domination of MA, there is a possibility it develops into an downward【Expansion】.
The four major U.S. indices show slight attenuation on the +2σ side, but continued upward MA suggests the possibility of maintaining a【trend channel state】. It is also necessary to watch for changes in the correlation between GOLD and the four major U.S. indices.
For detailed analysis, please check the paid section.
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https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
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