Florian Grummes Gold – Summer rally and power showdown in August After the expected turning point in late June, gold managed to stage a first recovery towards USD 1,987. Over the last two weeks however, prices have come back down significantly. After a weaker than ... Basic Knowledge 5 Aug 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Breakout to the upside is most likely Bitcoin’s price action in the last four weeks has been characterised by consolidation and a lack of decisive movement. The market is eagerly anticipating a breakout, and the next significant price dir... Basic Knowledge 15 Jul 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – No clear turning point yet In early May, gold once again failed to overcome the resistance around USD 2,070. Hence, the widely expected breakout has been once again postponed. Instead, our anticipated correction scenario has fu... Basic Knowledge 27 Jun 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – New fantasy despite summer lull and uncertainties With prices reaching nearly USD 31,000, Bitcoin’s recovery rally hit its peak on 14th April. This resulted in a doubling of prices within a span of five months. Our initial two price targets of USD 25... Basic Knowledge 19 Jun 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Topping process followed by a pullback While US regulators are racing to secure the sale of California bank First Republic, the US banking crisis continues and is far from being over. Gold, on the other hand, remains the currency of last r... Basic Knowledge 1 May 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Every pullback is a buying opportunity Over the last few weeks banks have been imploding and fears of a 2008-style crisis have come into play. Of course, politicians have rushed to the rescue with huge amounts of fiat money, while the bond... Basic Knowledge 29 Mar 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Healthy pullback provides new opportunities It´s been a tough six weeks of deep corrective price action in the gold market since our last analysis “ Gold – Rally is losing momentum ” was published. From its top on February 2nd at 1,959 USD gold... Basic Knowledge 10 Mar 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Next target 30,000 USD In the first few weeks of 2023, Bitcoin’s price has continued its upward trajectory, fueled by growing institutional adoption and increased investor confidence in the cryptocurrency market. Despite so... Basic Knowledge 24 Feb 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Rally is losing momentum Just a few months ago, financial markets had been under severe pressure, driven by rising interest rates and a stronger US-Dollar. Yet, since November, nearly all markets have been able to recover sig... Basic Knowledge 30 Jan 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Significant recovery expected After a brutal 14-month bear market, Bitcoin prices reached an important low at 15,479 USD on November 21st, 2022. Following this, prices traded sideways for around six weeks. Over the last two weeks,... Basic Knowledge 18 Jan 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Fight around the 200-day moving average not yet decided Since mid-November the rally in the gold market has become more and more tenacious and whipsawing. And over the last few weeks gold has been trading sideways. Actually, we have witnessed only slightly... Basic Knowledge 28 Dec 2022 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Price hardly reacts to bad news anymore While investors anticipate this week’s Federal Reserve decision on interest rates, Bitcoin is slowly moving around the 17,000 USD level. After the crypto sector having been badly shaken up throughout ... Basic Knowledge 12 Dec 2022 Technical Gold and Bitcoin Analysis by Florian Grummes
