Bundesbank says German GDP could stagnate or shrink in 4Q after virus flare-up. Consensus GDP forecasts for Q4 have collapsed to 0%

NY FED Q4 GDP forecasts has also been dropping.


______

more QE is very likely to be on the way.

#Gold ETF holdings dropped another 322k oz yesterday, thereby taking the post-vaccine announcements drop to 1.7m oz. due to loss of momentum we might see gold trading lower short term, but I see no reason to alter my overall bullish long term view based on USD yields and inflation.

I have added to my long position today and I have my PRZ area at 1750-1771 price area and will add more to my longs if price reaches there.

#Gold was bought after the vaccine news failed to force it below key support at $1850/oz. The net long rose 10% to 122k after hitting a 17 mth low the previous week. #Platinum bulls responded to the 5% price jump by lifting the net long to 6k lots

Signal Type: New Order
Order Type: Market Buy
Instrument: #XAUUSD
TimeFrame: H24
Entry Price: 1771.17
TP1: 1848.17
TP2: 1925.17
SL: 1694.17
#Explanation: unfortunately it hit our stop in the previous long trade, but it reached the PRZ area (big blue box) and here I suspect it is likely to range a bit maybe try to touch 1717 price but I don't think it can continue to fall below the PRZ and it will build the potential here for a change in the trend and we will see another bull run starting from this area.

This is the gold signal I had shared with members of my signal service bot (@Linorth_bot)


with all the talks on next stimulus package and expectations of higher inflation, we can expect more weakness in USD in the next couple of months while more money will move towards commodities like gold (and even BTC)

oil has been also gaining on the hopes of a recovery after vaccine distribution.

#SPY (S&P500 index)

this one is my prediction for the upcoming correction on S&P500 index using my PRZ analysis.

I didn't share this on my signal service as a signal because depending on where you are trading in, the swaps on indexes can be wild. so if you decided to trade CFDs and indexes make sure you are aware of how much swap or rollover fee you are going to pay on your position.

Wow.
M1 money supply just exploded higher even further.
The biggest monthly jump yet.
The Fed is operating without checks or balances.

US M1 money supply has increased by 55% since February.
35% of all US dollars in existence have been printed in 10 months!

All this printing is not going to the people.
It's going to the rich.
Fact.

#Gold

I expected it to retest the PRZ area before continuing the uptrend. but it made a quick jump!

not really surprising, considering the record amount of dollars getting printed and the inflationary effect pushing BTC and Gold higher.

medium term I see $2500/oz easily reachable.

my prediction for #BTC price movement. (long term)

I shared this on tradingview a few days ago and forgot to share it here.
but I wonder how many of you saw it there or on my twitter and got on the short side of it? probably no one 😅
but alas, here it is.


Im also cooking up some stuff which will get announced very soon on this channel. Im going nuclear for 2021 with the main goal of moving back towards doing more free stuff now that everytime I have tried to monetize my work my accounts got blocked due to sanctions 😂 MQL5.com closed my signal service account last month so I have been working with a friend of mine in Bahrain to move things under a new brand which has no connection to me, starting with my educational course which I think will drop sometime later this month (as if its an album! lol) I will share more info about that soon.


thanks for those of you who still havent left this channel, I will definitely include a little gift coupon for members once my course is up.

I had written this answer on Sunday in Quora on bitcoin after updating the analysis on tradingview:
https://www.quora.com/Will-Bitcoin-crash-again-in-late-2020-and-early-2021/answer/Bahman-RasoulPour-Linorth



tl;dr: since price moved directly to second PRZ area, the hammering of price will continue to a bit below $10K price range.

Im also long on gold again.
had carved about %18 off of it on the previous climb.. now its close to PRZ area at 1720-1800 range.
I expect it to climb as BTC corrects (money moving from BTC -and maybe stocks- towards Gold and safe haven currencies like JPY and CHF)


Dollar is still structurally weak, despite the heavy short position piling up, any corrections would be temporary and downtrend will resume.

here is a great read for you over the weekend:


ICYMI: "I’ll say this again. I believe that future investors will look back on the present moment the same way that we look back on the 1929 and 2000 extremes. People will use us to teach lessons to their children."
https://www.hussmanfunds.com/comment/mc210201/

Signal Type: New Order
Order Type: Market Buy
Instrument: #EURUSD
TimeFrame: H4
Entry Price: 1.21750
TP1: 1.22460
TP2: 1.23170
SL: 1.21035

Signal Type: New Order
Order Type: Market Buy
Instrument: #GBPUSD
TimeFrame: H1
Entry Price: 1.40800
TP1: 1.41150
TP2: 1.41500
SL: 1.40450
#Explanation: small play on this pair. (for this week I'm only going to share short term trades)

Signal Type: New Order
Order Type: Market Buy
Instrument: #AUDUSD
TimeFrame: H1
Entry Price: 0.79251
TP1: 0.80001
TP2: 0.80751
SL: 0.78501

Signal Type: New Order
Order Type: Market Sell
Instrument: #EURAUD
TimeFrame: H1
Entry Price: 1.53600
TP1: 1.53140
TP2: 1.52680
SL: 1.54065