July 14 (Tue): 【BB & HM】 Nikkei 225 VS GOLD
This time
it is generally said to be inversely correlated with stock prices
“GOLD”
in comparison.
【Overall Scenario Probability】
This week's overall market is…
“Rise: 40% / Fall: 60%”
Note: The downward reversal/decline of Bitcoin and GOLD with a downward MA and the reversal rise of the USD/JPY support a downward scenario from the perspective of correlation, and the potential for a break to the downside is increasing due to the squeeze in the four major U.S. indices.
* Presented as a reference level.
【This Week’s Market Watch Points】
This week's market is in a state of squeeze for the four major U.S. indices, and the market remains in a difficult phase without a clear direction.
With Bitcoin and GOLD being held down by the downward MA and moving lower, and USD/JPY turning up again, the downward scenario appears to be favored from a correlation perspective.
Both the Nikkei 225 and GOLD are contending at important support levels, and if these levels are broken, the impact on higher timeframes will be significant.
This week's price action is likely to determine the overall direction of the market.
For more details, see the paid section.
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【Integrated Version】
“Why does the market stop there? Bollinger Bands ✕ Harmonics: Fusion of statistics and geometry to capture turning points in the market with high precision!”
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
(※The following content is for members only.)
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【Environment Recognition】