#DXY#USD#FX#Currencies
I have repeatedly noted the importance of the 2020 professional A/D. Notice where the USD reversed in January and where it found support. My friends, this is real support and resistance🧙.
ps I encourage you to read my article on this concept.
I'm sitting on my hands right now, when it comes to new investment positions, always the hardest part.
Nothing is really screaming at me as a great, asymmetric opportunity, so I'm mostly doing systematic trading and a lot of research.
On the bright side, we're having a great summer here. Always nice to enjoy the mountains and swim in the lake.
Gold - $GLD
Another day, right there, testing the major trend reclaim level. I expect we’ll have clarity by the end of the week.
Remember, FOMC meeting today, and the first press conference from the new Chair, Kevin Warsh.
Edge Copper Corporation $EDCU.V is rapidly advancing its wholly-owned Zonia Copper Project in Arizona, a past-producing brownfield site designed to supply high-purity copper to the growing domestic market. By operating almost entirely on private patented land, the project bypasses lengthy federal environmental permitting processes to offer a uniquely streamlined development timeline. Bolstered by a recent institutional financing package of over 23 million dollars, the company is now fully funded to execute an aggressive drilling program aimed at expanding its robust resource base. With the stock currently trading at a deep discount to the project's massive net asset value, will the upcoming drill results be the catalyst that finally aligns the market valuation with the mine's true economic potential?
The similarities between silver’s current setup and the period immediately following the 2025 bull run have only grown more compelling. As we have now spent the exact same amount of time trading below the 200 EMA as we did previously and the drops below are within 1% of each other.
The close on commodities last week makes me think a V shape reversal is likely. Not only did we see bullish hammer on the weekly but we also saw a close over the support levels.