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Thai Capitalist – “ThaiCapitalist Market Update for February 2nd: Key Insights and Trends”

Article Summary:

The recent market updates indicate a significant movement in gold prices, with projections suggesting Warsh is aligned with gold dropping below 4k and Rieder forecasting a rise to about 7k. This trend has garnered attention among investors and analysts alike.

Additionally, there’s a notable double bottom pattern emerging in the industrials sector. This technical analysis highlights a crucial point where stocks may rebound after hitting a low, attracting interest from traders who rely on chart patterns for investment decisions.

The topic of technical analysis is often debated; however, it’s a common practice among traders to utilize charts to guide their strategies. The current market dynamics paired with technical indicators could provide valuable insights for investors looking to navigate the fluctuations in gold and industrials.

Visual representations further support these insights, making technical analysis an essential tool in understanding market trends. Engaging with these indicators can pave the way for informed decision-making in investment strategies.

Original Article:

Market Update 02/02 | ThaiCapitalist

From what I’ve read online since the past few weeks, Warsh = gold sub 4k, Rieder = gold 7k, and it’s turning out to be true.

The double bottom in industrials has my attention. “Ohhh you use technicals” – don’t be a donkey, everyone looks at charts.

If this has helped you, please consider donating and buy me a Somtum Waffle 🙏🧇

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