Gold Bullish Cycles in Play With Stocks Set to Enter a Long-Term Bear Market

📆 04/12/2024 0:05:00
📰 Investingcom

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Gold Spot US Dollar Noticias

Silver Spot US Dollar,S&P 500,Gold Futures

Market Overview Analysis by Stewart Thomson covering: Gold Spot US Dollar, Silver Spot US Dollar, S&P 500, Gold Futures. Read Stewart Thomson's latest article on Investing.com

The coming Trump presidency is likely to be exciting, but a lot is unknown. Investors need solid tactics to handle commodities, the stock market, bonds, crypto, and of course supreme money

A potential tail wind is the US dollar. There’s finally some H&S top action in play on the daily chart. Gold? Gold was technically overbought on this weekly chart at the recent high, but that’s no longer the case. That pullback would also put gold at the neckline of the huge inverse H&S pattern that launched Wave C… and a glorious E wave would be launched from there!

Well, the stimulus announced so far has been purposed towards out-of-control municipal debt. New US tariffs could convince the Chinese government to announce even more money printing… enough to create panic buying of the stock market.

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Stock Market Doom While Gold and Silver Zoom?Market Overview Analysis by Stewart Thomson covering: Gold Spot US Dollar, Silver Spot US Dollar, S&P 500, Dow Jones Industrial Average. Read Stewart Thomson's latest article on Investing.com
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