$Gold - main 2612(GCmain)$ doesn’t behave like a stock or a bond. There are no earnings to model, no dividends to discount, and no CEO to blame when the price drops. What gold reflects, more than anything else, is the collective confidence people have in the institutions managing money. When that confidence is high, gold is ignored. When it starts to crack, gold gets attention fast.
$Silver - main 2609(SImain)$ follows the same logic but adds a wrinkle: it has a real industrial life. Solar panels, electronics, electric vehicles, medical equipment. That dual identity makes silver louder, more volatile, and more interesting to trade, but also harder to hold when the industrial cycle turns against it.
Today’s Agenda
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Today I will cover Gold and Silver, the historical events and what to expect considering key drivers, Fed, inflation, oil, bonds, and to special situations that produce the biggest moves.
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We will also review the status of the high-probability setups posted over the weekend including the charts for $S&P 500(.SPX)$ $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ $Netflix(NFLX)$ $Tesla Motors(TSLA)$ $VanEck Semiconductor ETF(SMH)$ $SPDR Gold ETF(GLD)$. And other securities that are worth watching given their technical conditions like $Alphabet(GOOG)$ $Microsoft(MSFT)$ , BITCOIN, and of course, GLD.
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Daily Plan for the SPX and $E-mini S&P 500 - main 2609(ESmain)$ for August 20th. Last night I anticipated a gap fill attempt today, with 7,729 acting as a significant resistance, which is the rejection zone of the day. Daily levels for Semiconductor giants included.
This week, the SPX reversed as expected below 7,730, dropping close to the extended target of 7,673 🎯. DIA, the Dow Jones ETF, also fell as anticipated, touching its extended target of 532 🎯. NFLX reached its bullish target of 80 🎯, and TSLA is aiming for its bullish target despite elevated volatility. Meanwhile, SMH hit the anticipated bullish target of 600 🎯 before pulling back to 556, another pre-modeled level.
These price targets were modeled in advance last Friday for this week, demonstrating how institutional algorithms react at these key price zones modeled in advance 🎯.
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