PHLX Gold/Silver Sector Index – F/X Anti USD & Save Haven Pathfinder…

 

PHLX Gold/Silver Sector Index  –  Today on ATA Research Radar 

PHLX Gold/Silver Sector Index – Index composed of Companies involved in Gold or Silver Mining Industry

after

29.04.2019  –  Philadelphia Semiconductor Index – Cheap Chips …!!???

30.04.2019  –  PHLX Housing Sector Index in Slowing Shadow…

1.05.2019 – Nasdaq 100 Technology Sector Index – Main Rally Winner but Near the Finish Line…

1.05.2019 –  Nasdaq 100 Ex Technology Sector Index – No Tech…No High Power…

2.05.2019 –  Nasdaq Biotechnology Index – Pathfinder Risk Off Scenario for All Nasdaq Indexes…

 

ATA Following …

14.01.2019 –  NASDAQ – V CORRECTION – from Dynamic Risk Off to Dynamic Risk On…

17.01.2019 –  YEN – RISK OFF REVENGE…

17.01.2019 –  SWISS FRANC – NO RISK OFF REVENGE…

10.03.2019  EUR/USD – Super Mario – Super Dove…

17.03.2019 –  UK POUND – SECULAR HORIZON… beyond BREXIT…

31.03.2019 –  DXY – F/X MARATHON ELITE…

1.04.2019  –  US 10Y BOND YIELD – NO MEGA SAFE ESCAPE…

 

PHLX Gold/Silver Sector Index –  F/X Anti USD & Save Haven Pathfinder 

 

Gold-Silver

 

PHLX Gold/Silver Sector Index  SECULAR  SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

 

First…Market Motives :

US & Global Slowdown or Recession Mainstream Projections 

vs

US GDP Annualised (Q/Q) Q1 3.2%

(exp 2.3%; prev 2.2%)

&

FED Policy & Powell Speeches 

Interest Rate Unchanged – Target Range stands at 2.25-2.50%

US Economy Supported by ‘Solid Fundamentals’ 

Healthy GDP Growth Expected for Rest of 2019

Patient Stance on Policy

with

Nasdaq –  Back from  All Time High  –  Last ( 29.04.2019 )

Nasdaq 100 – Back from  All Time High – Last ( 25.04.2019 )

&

 US 10Y BOND YIELD –  Wave Up after Down Correction

USD Rising Wave – EURO New Low on Present Down Trend

vs

PHLX Gold/Silver Sector Index –  No New Low on Present Down Trend

Last Low – 09.2018  in  Psychological Key Level Zone  60 ( Min 60.59 )

Present Low  – 2.05.2019  – 68.22 ( EOD ) – 68.05 ( LOW ) 

 

Second…Market Technical Patterns :

Monthly View 

first of all

Two Secular Horizon Channels

First Narrow 

Second  Wide 

&

Present Fall Correction

with

Triangle Pattern 

of

Last Dynamic Wave Up 

( 1.2016 – 8.2016 )

with

Last W Pattern  

in  Psychological Key Level Zone 60 

( 9.2018 – 11.2018 )

 

Main Resistance Zone

210 – 230 Zone – Wide Channel

200 – Psychological Key Level

155 – Narrow Channel

110 – 114 Zone – Dynamic Wave Up Top

100 – Psychological Key Level

78 – 80 Zone – Triangle Pattern

 

Main Support Zone

65 Zone – Narrow Channel

61 – 60.50 – Fall Correction Low

60 – Psychological Key Level

45- 40 Zone – Wide Channel

 

with

Key FIB RET  68.5% 

( Weekly Chart )

&

MACD Monthly 

Active Buy Signal  Bullish Trendline 

vs

MACD Weekly

Active Sell Signal 

 

ATA Investment Conclusion

USD Rising Wave – EURO New Low on Present Down Trend

vs

PHLX Gold/Silver Sector Index –  No New Low on Present Down Trend

Last Low – 09.2018  in  Psychological Key Level Zone  60 ( Min 60.59 )

Present Low  – 2.05.2019  – 68.22 ( EOD ) – 68.05 ( LOW )

Conclusion

Gold/Silver Relative Strength Rising  against still Strong USD F/X King

so

Investors should consider  Global RISK OFF Scenario 

entitled

” WINTER IS COMMING ” 

 

 

Bear Correction Wave  dominates

but with 

Probability of  Next W Pattern

in

Psychological Key Level Zone 60 

so

Special Focus on

PHLX Gold/Silver Sector Index Smart Money Battlefield  

80  vs  60

SM Reaction on 

EOM – Key Month May

 

always remember

Chart is More Important than 1000 Words…

&

Most Important s Final Smart money Reaction…

EOM – Key Month May

 

 

PHLX Gold/Silver Sector Index Monthly & Weekly Charts :

3.05.2019

Gold-Silver Index - M - Line - log

Gold-Silver Index - M - log

Gold-Silver Index - W- log

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