December 5 (Fri): [Bollinger Bands] Nikkei 225 vs. GOLD
This time
it is generally said to be negatively correlated with stock prices
“GOLD”
in comparison with.
【Overall Scenario Probability】
This week's overall market is…
“Rise: 55% ／ Fall: 45%”
(The room for rise in the U.S. four indices is pushing the overall up)
As a reference level.
【This Week's Market Focus Points】
This week attention will be on GOLD and the Nikkei 225 movements.
GOLD remains in a【monthly chart】 and a【weekly chart】【trend channel state】, continuing a rising trend. In the short term, a slight adjustment may occur, but the waves are unlikely to lead to a large decline.
On the other hand, the Nikkei 225 is approaching a【strong resistance band】 near the daily chart +2σ, making a reversal downward likely for the time being.
However, since there is still room for gains in Bitcoin and the four major U.S. indices, even if pullbacks occur, a renewed rise is expected.
In particular, when the NASDAQ and S&P 500 show rising pressure as the【end price 21 bars prior】 declines, the overall indices may target another higher level. It is a situation to carefully discern the timing of a short-term correction and subsequent renewed ascent.
➥The remainder is explained in detail in the members-only report.
If you have not registered yet, please click here ↓
● Use “Unraveling the Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “The Harmonic Prescription” to draw a Zone where “the chart should stop”Zoneand see it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※The following is for members only.)
