$ERA is showing signs of a potential recovery
After months of downward pressure, ERA is finally showing some strength. The daily chart has recorded a strong 24%+ move, pushing price to around $0.081.
The next level I’m watching is $0.09–$0.10. If buyers maintain momentum, we could see another leg up toward that zone.
After such a strong move, some pullback is also possible, so I’ll be watching how price behaves before making any conclusions.
#bullish
🥇Gold outlook | Oct. 12–16
Gold finished the week near $4,194, recovering from a low around $4,066 as yields and oil eased and buyers stepped in near $4,100. The week’s high was around $4,208.
In Kitco’s survey, 50% of Wall Street analysts were bullish, 14% bearish and 36% neutral. Main Street was less convinced: 45% bullish, 37% bearish and 18% neutral.
⏭️Next week’s focus is inflation: CPI Wednesday, followed Thursday by PPI, retail sales and manufacturing surveys. Fed Chair Warsh is also ...
#GOLD HOLDERS, IS $4,400 THE NEXT BIG MOVE❓❓
Look at this chart! $XAU is bouncing from the $4,100 support area, and buyers are trying to make a comeback!
I'm watching $4,270 resistance first. If bulls break through, $4,400–$4,415 could be next. But losing $4,100 would weaken this recovery.
Who's bullish on GOLD?