The Market Huddle Top Market Technical Analyst Deep Dive’s Into Market Charts With Patrick
61 snips
Apr 26, 2025 AI Snips
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Gold Bullish Sentiment Stretched
- Gold's bullish run is stretched with extremely bullish sentiment and positioning.
- A pullback above 3,200 could be a short pause, but below that might mean multi-month consolidation.
Gold Pullback Trading Advice
- Watch gold's 50-day moving average and 3,200 zone as make-or-break levels for trend direction.
- Use sentiment and positioning after initial pullbacks to gauge if gold will resume higher or enter consolidation.
MAG7 Earnings Market Impact
- MAG7 tech earnings will heavily influence market sentiment in coming weeks.
- Their oversold conditions mean good earnings could fuel a market rally or a miss could trigger further drops.