Weekly Hot Take - What's next ?

17/07-21/07

Welcome everyone!

Hello everyone, and welcome to another weekly newsletter! Let’s start with a recap of the newsletter from last week. Afterwards, we will dive into the newsletter for the upcoming week.

RECAP

So last few weeks, we correctly called the ICL again while everyone was still bearish and waiting for lower. We also mentioned that we expected very big upmoves in the precious metals, both gold and silver.If you don’t believe it, I’ll make both this newsletter and last 2 newsletters open to the public to verify the accuracy of this newsletter. I’ve gotten a lot of dm’s from people that are very pleased with the service so I shall continue to provide these easy to read weekly overviews.

Precious Metals

XAUUSD

(Monthly)

Last week we mentioned that we expected the monthly candle to close fat green from when it was still around $1920.. Looks like this is materializing perfectly. For the monthly view we keep it simple, above our EMAs means we are in a bullish long-term trend. We confirmed the ICL, so next target is $1975 and then afterwards we are looking at the ATH and beyond. This is the part where you do your last additions to your juniors and HOLD. Keep it simple here, below current ICL = not good, otherwise HOLD.

(Weekly)

The weekly view presents us with a clear break upwards back above the EMAs just as we predicted it in the last 2 newsletters, which are now free to read on the substack!

Same story here, we are at the beginning of a new weekly cycle that points right at the ATH’s, i’m very excited to see us break it this weekly cycle.

(Daily)

Higher lows, higher highs. Keep it simple. This is where we sit and make sure to not listen to the twitter noise who all missed the ICL once again.

XAGUSD

(Monthly)

Just beautiful. We backtested the downward sloping trendline from above and are now pushing strongly back to our very important resistance zone which has been there since last december. The $26 area needs to break next for us to visit $28 in very short order. I’m extremely bullish as you can probably derive from my newsletters ;-)

(Weekly)

Notice how I talked about the EMAs being pinched and thus presenting the opportunity for the metals and definitely silver to give the same MONSTER candles to the upside as last ICL? It just happened exactly as predicted. Same levels here on the chart $25.77-$26 and afterwards $28.

(Daily)

Last move out of the ICL provided us with a 30% upmove. If we translate this to the current weekly cycle we can expect around $28. Well played by all the subs who were fully prepared for this move! Tune out the noise and focus on the charts. Another fact was that we expected DXY to fail and move downwards from the big $103-$104 zone, I said to not listen to all the newsevents and that it was going to drop. Now seems like everyone thinks its because of brics. It does not matter why something happens, it’s already in the charts for those who can read it.

Summary

1. Last 2 newsletters are made free as PROVE that we nailed the low

2. This one is FREE aswell because I’m in a good mood and want to show the value for the free subs aswell.

3. Silver breaks $26 zone —> $28

4. Gold is launching at ATH break this cycle.

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Much love,

GG