Central banks with the largest gold reserves have remained mostly unchanged for the last few years.
The United States holds the number one spot with over 8,000 tonnes of gold in its vaults – nearly as much as the next three countries combined.
For seven consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 274 tonnes in 2020.
@WiseForex #goldreserves
The United States holds the number one spot with over 8,000 tonnes of gold in its vaults – nearly as much as the next three countries combined.
For seven consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 274 tonnes in 2020.
@WiseForex #goldreserves
📈 S&P 500 Index 📉
SP500 almost reached all time high level - was stopped at resistance left before the big COVID dump. As we can see it didn't make it through. Volume made on these attempts is similar to what it had in the beginning of dump, so I'd say it is complicated situation now. No clear trade plan. Either long at breakout around 3380 or short break down below 3355.
@WiseForex #SP500
SP500 almost reached all time high level - was stopped at resistance left before the big COVID dump. As we can see it didn't make it through. Volume made on these attempts is similar to what it had in the beginning of dump, so I'd say it is complicated situation now. No clear trade plan. Either long at breakout around 3380 or short break down below 3355.
@WiseForex #SP500
Wise Forex & Stocks
📈 GOLD / USD 📉 As expected Gold is pulling back to re-test 1976 SR zone. And it falls fast and with volume. We may expect bounce here for sure. Maybe even up to 2015. But the rest of the move will depend on how stocks behave as now they are growing like crazy…
📈 GOLD / USD 📉
GOLD falling to 1945 support. I think bounce is very close. The question is how far it will wick. Another strong line at ~1921 which was previous year all time high.
@WiseForex #XAUUSD #Gold #XAU
GOLD falling to 1945 support. I think bounce is very close. The question is how far it will wick. Another strong line at ~1921 which was previous year all time high.
@WiseForex #XAUUSD #Gold #XAU
📈 S&P 500 Index 📉
SP500 still under all time high 3398.2 at Oanda chart. Now volume is coming, bulls are pushing price up. If they won't succeed this rejection can start bloody waterfall. If breakout... well, in this case gold will fall lower than I wrote above =)
@WiseForex #SP500
SP500 still under all time high 3398.2 at Oanda chart. Now volume is coming, bulls are pushing price up. If they won't succeed this rejection can start bloody waterfall. If breakout... well, in this case gold will fall lower than I wrote above =)
@WiseForex #SP500
📈 S&P 500 Index 📉
SP500 shown us the beginning of bloody waterfall after the rejection from all time high. Today we have a bounce. They might be some growth even tomorrow, but I doubt that SP500 will break above all time high (even above ~3390) before the weekend. And if it won't next week we will see the real blood.
@WiseForex #SP500
SP500 shown us the beginning of bloody waterfall after the rejection from all time high. Today we have a bounce. They might be some growth even tomorrow, but I doubt that SP500 will break above all time high (even above ~3390) before the weekend. And if it won't next week we will see the real blood.
@WiseForex #SP500
Brent Oil at daily showing signs of bulls weakness. Another bearish factor for whole world economy, as oil represents world health now.Nearest support at ~43.5
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Brent Oil at daily showing signs of bulls weakness. Another bearish factor for whole world economy, as oil represents world health now.Nearest support at ~43.5 @WiseForex #Brent #Oil
Sorry for long absence, took a vocation, as didn't see any possibility to have one in the nearest future.
Look at Oil chart. 20 days ago I've noticed bulls weakness and now we witness retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back.
@WiseForex #Brent #Oil
Look at Oil chart. 20 days ago I've noticed bulls weakness and now we witness retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back.
@WiseForex #Brent #Oil
Wise Forex & Stocks
📈 S&P 500 Index 📉 SP500 shown us the beginning of bloody waterfall after the rejection from all time high. Today we have a bounce. They might be some growth even tomorrow, but I doubt that SP500 will break above all time high (even above ~3390) before the…
Stocks were pushed by Trump's fed bzzzz machine and grown to record 3588 value, but in the end even that bubble dumped. We can see big volume picking up the dips here - signal that SP500 may consolidate or even bounce back to ~3444-3500. I think Oil prices will give more realistic picture of what to expect, so stocks are secondary here.
@WiseForex #SP500
@WiseForex #SP500
📈 GOLD / USD 📉
GOLD was always there as an indication of real value. Now consolidates before the next big move. If stocks/oil drop, Gold will be the one to save your ass. But if it drop below 1900, we may very well see it at 1800. The following days will show, if 1930 is strong enough to hold Gold from that bearish scenario.
@WiseForex #XAUUSD #Gold #XAU
GOLD was always there as an indication of real value. Now consolidates before the next big move. If stocks/oil drop, Gold will be the one to save your ass. But if it drop below 1900, we may very well see it at 1800. The following days will show, if 1930 is strong enough to hold Gold from that bearish scenario.
@WiseForex #XAUUSD #Gold #XAU
Wise Forex & Stocks
Stocks were pushed by Trump's fed bzzzz machine and grown to record 3588 value, but in the end even that bubble dumped. We can see big volume picking up the dips here - signal that SP500 may consolidate or even bounce back to ~3444-3500. I think Oil prices…
Not the end for SP500. If we will see it above ~3420, no doubts it will grow higher towards 3500. Right now still within consolidation range, but the fact it made higher low makes it look much less bearish than last week.
@WiseForex #SP500
@WiseForex #SP500
📈 EUR / GBP 📉
At daily EUR is way too high. Time to accumulate short position starting from 0.925 target one of lower support zones: 0.913 / 0.91 / 0.908
@WiseForex #GBP #EUR #EURGBP
At daily EUR is way too high. Time to accumulate short position starting from 0.925 target one of lower support zones: 0.913 / 0.91 / 0.908
@WiseForex #GBP #EUR #EURGBP
Wise Forex & Stocks
Dollar Index failed to grow above 96.2 resistance. If drop below previous lower low it will crush to 95. @WiseForex #DXY #DollarIndex
Dollar Index fell to another year SR level at ~92.2. And it doesn't look strong enough for a bounce yet, although another test of that support can give it another chance.
@WiseForex #DXY #DollarIndex
@WiseForex #DXY #DollarIndex
Wise Forex & Stocks
📈 GOLD / USD 📉 GOLD was always there as an indication of real value. Now consolidates before the next big move. If stocks/oil drop, Gold will be the one to save your ass. But if it drop below 1900, we may very well see it at 1800. The following days will…
📈 GOLD / USD 📉
GOLD moved towards 1968 resistance. Hard to say, if it has enough momentum to break it. I would certainly not recommend to long it from here - only in case of breakout and only on re-test. If breakout fails, we will see it pull back to ~1945. If succeed, going up to ~1992.
@WiseForex #XAUUSD #Gold #XAU
GOLD moved towards 1968 resistance. Hard to say, if it has enough momentum to break it. I would certainly not recommend to long it from here - only in case of breakout and only on re-test. If breakout fails, we will see it pull back to ~1945. If succeed, going up to ~1992.
@WiseForex #XAUUSD #Gold #XAU
📈 GOLD / USD 📉
GOLD seem to be growing towards ~1977 resistance. Going long till there. Possible breakout to 2000-2010 as well. But I feel safer fix half profits at 1977 and then decide if I want to go short or let the other part grow higher.
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@WiseForex #XAUUSD #Gold #XAU #FTX
GOLD seem to be growing towards ~1977 resistance. Going long till there. Possible breakout to 2000-2010 as well. But I feel safer fix half profits at 1977 and then decide if I want to go short or let the other part grow higher.
🔥 Use crypto to trade Gold. Ref link gift 5% discount on all fees - https://ftx.com/#a=WiseAnalyze
@WiseForex #XAUUSD #Gold #XAU #FTX