Gold and Silver... Double Top Completed? And Crashed..

Summary

In this video, the speaker discusses the recent trends in gold and silver, particularly the significant price movements on January 29th, when both metals hit a double top. They share their astrological insights, predicting that the high from that day will likely not be surpassed in the near future. The speaker advises caution for those looking to invest in gold and silver, recommending waiting until at least March for potential buying opportunities. Additionally, the speaker emphasizes the importance of minimal trading to maximize profits and cautions viewers not to fall into traps during market fluctuations. Finally, they encourage consulting a financial advisor before making investment decisions.

Takeaways

• 😀 The speaker greets the audience and wishes them well, invoking religious blessings.
• 😀 On January 29th, gold and silver saw a sharp rise in prices, reaching a double top, influenced by astrological factors.
• 😀 The positions of Mars and other planets in Capricorn on January 29th contributed to the market movements.
• 😀 Many people got trapped by buying gold and silver at high prices on January 29th, leading to potential losses.
• 😀 The speaker believes that the high prices reached on January 29th for both gold and silver are unlikely to be surpassed for a long time.
• 😀 There is a 99% chance that the January 29th price levels will not be broken soon, based on the speaker's astrological analysis.
• 😀 The speaker dismisses predictions from others claiming gold will reach ₹1 lakh and silver will hit ₹1 lakh, stating they don’t see a super cycle happening.
• 😀 Although predictions can be wrong, the speaker claims to have accurately predicted the market top for January 29th the night before.
• 😀 The speaker advises waiting until March before buying gold or silver, as there will be no favorable buying opportunity before then.
• 😀 The speaker believes that the future trend for commodities like gold and silver will be bearish, while the stock market will trend upward.
• 😀 The speaker advises exercising caution and not getting trapped in market bounces, which may be false signals of a market rise.
• 😀 A disclaimer is provided, advising viewers to consult a financial advisor before making any investment decisions, emphasizing that this is an astrology-based channel, not a technical one.

Q & A

What was the trend in gold and silver on January 29th, as per the speaker?

On January 29th, gold and silver experienced a significant rise initially, followed by a 'double top' formation later in the day. This double top is believed to signal a peak in prices.

What astrological factors influenced the rise in gold and silver prices on January 29th?

The speaker mentions that the rise on January 29th was influenced by the position of planets, specifically Mars being at 10 degrees and several planets being in Capricorn, which contributed to the significant price movement.

What is the significance of the 'double top' in gold and silver prices?

A 'double top' is a technical pattern that often indicates a peak in price, suggesting that the prices are unlikely to rise further and could potentially drop from that point. The speaker believes this formation is unlikely to break for a long time.

Does the speaker believe that gold and silver will reach supercycle highs anytime soon?

No, the speaker does not believe that gold or silver will reach the supercycle highs that others are predicting (such as ₹1 lakh for gold or ₹1 lakh for silver).

What was the speaker's prediction on January 28th regarding gold and silver?

On the night of January 28th, the speaker predicted that a peak (or 'top') would form in both gold and silver on January 29th, which turned out to be accurate.

Does the speaker always get their predictions right?

No, the speaker acknowledges that predictions can be wrong at times. While astrology is often accurate, the predictions are not guaranteed, and the speaker advises caution.

What is the speaker's advice for people considering buying gold and silver right now?

The speaker advises waiting until at least March before buying gold or silver, as they believe the current market conditions do not support a buying opportunity in the short term.

What does the speaker say about the stock market versus commodity markets?

The speaker predicts that the stock market will trend upwards (bullish), while commodity markets, including gold and silver, are likely to experience a bearish trend in the near future.

What is the speaker's advice regarding trading in gold and silver?

The speaker advises that the less frequently you trade, the better your chances for profit. Constant trading is likely to result in smaller profits or even losses.

What is the speaker's final disclaimer regarding investments?

The speaker clarifies that they are not responsible for the profits or losses of viewers. They advise consulting a financial advisor before making any investment decisions and emphasize that the channel focuses purely on astrology and does not use technical analysis.