GateUser-7b8514c3

#GOLD update. Not much change to the last post, just showing the weekly. I see upside potential in this move capped at 4700s for now (see fib ext). Longer term 5200-5300+. No change to the wave 4 correction logic - the floor now is \~3250. $GC $XAUUSD $XAU $GLD $GDX

#SILVER update. My perspective is that the move higher will continue towards $100+ after this sharp corrective phase, which could deliver \~51-58. Patience required for $silver bulls eagerly awaiting the train to take off again. $SLV $SIL $SI

$NQ update. The 5 Nov has proven to be an important date - the last Treasury QRA. The market has since retested and rejected the 5 Nov high 5 times. However, I remain in favour of an irregular corrective structure (one that delivers new highs \~27.3-28.2k) before a big washout

$USDJPY has bounced far beyond my projection of 156.9 and in doing so has taken out a pivot and followed through to the upside. The next target is mid-high 158s and low 160. $DXY $YEN

#COPPER update. Higher lows and pushing off multiple support areas on the weekly, suggests to me this is a genuine breakout to the upside with new highs to come \~6.2-6.4.

$GDX update. 87s achieved. Whether the market delivers 92, I am not yet convinced of. In any case, if #gold is printing an ending diagonal (key word - IF - yes, that's my leaning), then we should be on our toes and take some profits as $GDX hits key targets.

#GOLD update. The ending diagonal structure is in play. W3 is the shortest, therefore, I am watching between here and 4405-4437 for signs of weakness and commencement of a meaningful correction (3280-3500). Longer term, I see 5100+ as a possible target. $GOLD $XAUUSD $GLD $GDX

$ES update. We got that flush. Ideally, bulls want 6730 defended to keep upside to new highs in scope. $SPX $SPY #US500

$ES update. My earlier idea about a move to 6670 before new highs seems too steep. I'd be satisfied if 6730 held (we might not even get that far). Bigger picture targets to the upside remain \~7060 and 7125 (futures not cash). $SPX #US500 $SPY

$EURUSD update. Low 1.18s achieved 🎯 and commencing the rollover. Looking for mid-high 1.16s as the next target. $DXY $EUR

#ASX200 update. Suggesting to me an interim low is in and we move higher to test the last major pivot high \~8870, at least. $XJO $SPI

#SILVER update. On track for mid-high 67s as the next major inflection point. Room also to 69-72s. Structure still suggesting to me an ending diagonal (meaning a significant inflection point and potential correction zone approaching). $XAGUSD $SLV $SIL

$ES struggling to follow through, suggests to me it will retest 6670. Liquidity remains a concern in the short-term - TGA net inflow of \~140bn on Monday will put repo market under even more pressure. The market will continue to feel heat early-mid next week. $SPX $SPY

#GOLD update. We are getting that double top. Having looked at the chart again, and cross-checking against #silver, which has led the way, there is a good chance, this too is an ending diagonal, with another leg higher into \~4600s after a mild correction. $XAUUSD $XAU $GC $GLD

#Bitcoin update. A move towards \~105k could come, but ultimately, we have had no follow through (marked as NFT) to the upside. My take - the low is not in yet - the major April pivot low will be targeted. 60k in scope #BTC $BTC $BTCUSD #crypto

$USDJPY main first target to the downside is low 153s. $YEN $JPY $DXY #BOJ

$EURUSD suggesting a push into high 1.17s to low 1.18s (see confluence of measures on chart). Following that, there is a chance of a retest of the breakout. $EUR $DXY #EU

#SILVER update. Continuing to push deeper into the target zone. Still looks like an ending diagonal, which if the case, could see a correction come at around 65-67, before another lunge to complete the ending diagonal sequence. $SILVER $XAG $XAGUSD $SLV $SIL