November 7 (Fri): [Bollinger Bands] Nikkei 225 vs. GOLD

【This Week's Market Focus Points】

This week's market is expected to unfold in a very interesting way.

There are signs of a significant change in GOLD, which generally has an inverse correlation with stock prices. In the monthly chart, there are large upper wicks; in the weekly chart, there is a synthetic Pin-bar and a 1:1 N wave range; in the daily chart, due to the previous close 21 bars ago rising, the moving average continues to trend downward, so overall the outlook is considered to be bearish. If GOLD breaks below -2σ and falls in a 1:1 N wave, the four major US indices and the Nikkei 225 are more likely to rise due to the inverse correlation.

The Nikkei 225 has retraced to the downside to the moving average on the 4-hour chart; the key turning point is whether it will be held and fall from here, or be supported by the upward moving average on the daily chart and rise to +2σ. The four major US indices are supported by an upward moving average and have turned higher, and with the previous close 21 bars ago falling, the moving averages continue to rise, so there is a slightly bullish tilt.

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● Use “The Unraveling of the Bollinger Bands” to analyze daily charts

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

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