Technical Analysis During Key CPI Release!

[00:00:00] Speaker 1: Good afternoon, my fellow traders, welcome to today's live market view where we'll be looking at technical analysis as well as fundamental analysis during the release of the much awaited CPI release. The CPI release is particularly important for the Federal Reserve's interest rate decision, which is going to take place in the middle of September. The market trends in the in at the moment are all going to be decided partially and by primarily by today's announcement. We've had a key announcement last week from the nonfarm payroll figure that created a lot of volatility in the market. Here on the on the charts, we're currently looking at gold gold is seen very clear higher highs and higher lows. We slightly lost momentum over the past couple of days as partially because of higher oil prices. But we're going to look at that in more details. And we're going to fully explain exactly what technical analysis is. Is potentially indicating a potential targets that traders are placing again based on technical analysis, but it's very important for everybody to fully understand that the upcoming price movement is massively going to depend on the CPI release largely because of its ripple effect on the rest of the economy, particularly on the fiscal monetary policy. policy. But in addition to that, regardless of potential targets, which traders may be setting a lot of volatility likely going to be seen on not only gold, but all assets around the globe. So this is a great deal. So this is what we're going to be focusing on today, ladies and gentlemen, and we do have 14 minutes, approximately 13 to 14 minutes until the announcement itself. Now, I want to explain the price movement at the very beginning in regards to gold. We're looking at the price movement. We're looking at the price movement. We're looking at the price movement. We're looking at the price movement down here. We're looking at those targets mainly when we're seeing range bound trading conditions. When we're seeing range bound trading conditions, we looked at the average price. We looked at the support level. We looked at the fact that the US dollar was extremely expensive and that can pressure the price of gold lower. And we did hit those targets on more than one occasion. So it was a great scenario in this area of the market here. Of course, that came to an end. It came to an end because of multiple reasons. One reason at the very beginning was the fact that gold was trading at a significant discounted price. Now countries around the world, which were actually experiencing a very expensive currency. A good example of that is China. They had a very strong currency, especially over the past month. They looked at that and decided to take advantage of the discounted purchase price of gold, the extremely high value of the yen based on price action and the historic price movement. And they took advantage of that. Actually, China saw one of the largest imports of gold that we have seen on record. So like I said, that massively triggered the upward price movement. In addition to that, many investors, again, took advantage of the upward price movement. But a lot of volatility was actually seen because of the non-farm payroll figure because the non-farm payroll figure actually saw the unemployment, even though the unemployment rate declined, which is a positive employment within America also declined. So it makes it irrelevant that the fact that the unemployment rate declined. And if we're looking at the employment change, the employment change was extremely, extremely low, ladies and gentlemen. Now, that means the Federal Reserve is almost certain not to hike interest rates. We very rarely over the past two decades have been in scenarios where the unemployment rate is high, employment change is high, average hourly earnings is low, and the Federal Reserve is increasing interest rates. That's a very rare scenario. I could probably count on one hand occasions when that has taken place. Now, the only situation where the Federal Reserve may still decide to do so, regardless of the fact of the weakening employment sector, the only scenario where they still may decide to do so is if inflation remains. Now, keep in mind, ladies and gentlemen, inflation in America has been above its 2% target for five consecutive years, five consecutive years. Now, we have to go back three decades when we were five consecutive years above the target of the Federal Reserve. So the employment sector and the release we saw on Friday was extremely important because very rarely we see the Federal Reserve increase in interest rates when the employment sector is losing its resilience. Now, the question is, the question is, are they forced to do so because of the inflation rate? So the question is, are they forced to do so because of the loss of the revenue rate? So the question is, are they forced to do so? And they were forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. [00:06:05] Speaker ?: So they're forced to do so. So they're forced to do so. [00:06:05] Speaker 1: So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. So they're forced to do so. The CPI release. Now it's very straightforward. Ladies and gentlemen, the CPI inflation in America is expected to decline from 3.5% to 3.4%. It's a decline. Of course, any decline is positive, generally speaking, but it's not a strong decline. It's still very clearly indicating sticky inflation. And the reason why, ladies and gentlemen, we've seen that gold had lost its momentum is because of the price movement of oil, ladies and gentlemen. If you look at the price movement of oil, as oil has increased in value, it was trading at $75 per barrel. It rose to almost $85 per barrel. That's an increase of $10 per barrel. Now, keep in mind, for inflation to start to decline, we need the price of crude oil. If we're going to follow standard economics and economic theories, we need crude oil to decline to $66 per barrel. That's a very significant decline, ladies and gentlemen. We're nowhere near that level at the moment. And I'm referring to seeing a substantial decrease in inflation actually back closer to the Federal Reserve target. So we can see here as crude oil has declined, if we go to gold, gold has lost momentum. And what's also very interesting, ladies and gentlemen, if we look at the US dollar, the US dollar has also stopped declining as well. So that's a very big question because the question is, ladies and gentlemen, the scenario that we're in at the moment, ladies and gentlemen, is if we go again above $100 per barrel, then that's a real psychological level for investors. Because that's the level, ladies and gentlemen, where a lot of investors think that if we're above 100 on the US dollar index, okay, then that's a lot of pressure on gold prices. So this is what we're going to be looking at to determine what potentially can happen to gold prices. There's a few things we're going to look at. Like I said, we're going to look at the CPI in the three scenarios. Are we going to get the decline? Let's go back to gold. Are we going to get a decline back to $4,000? Are we going to see a new price range between $4,200 all the way to $4,500? In which case, the average price of that range is extremely important, because that's, of course, the level when we're in price range conditions. The average price is consistently again and again and again hit on multiple occasions. Or are we going to get the price increase into $4,500 plus? It's massively going to be determined by inflation. Now, if we go to the economic calendar that we have here. Let's go to today's economic calendar. Let's filter out everything except the US. Let's click on inflation like that. And we can see the inflation reports here. So you can see it's expected to decline from 3.5% to 3.4%. Now, if it's going to decline from 3.5% to 3.4%, then there's a potential that possibly we're going to see the range bound that we range bound conditions that we were speaking about, because that's what's currently being priced in within the market. Now, if we're going to see inflation remain at 3.5% or higher, then that puts a lot of pressure on gold because it's a non yielding asset. The possibility of the Federal Reserve increase in interest rates is going to slightly increase because at the moment we're almost at 50 50. There's a strong possibility of them pausing. There's a strong possibility of them hiking interest rates. But if we go to October, what you notice is that we're no longer at 50 50. If we go to October, it's 60%, well, more than 60% possibility of a hike. If we go to December, there's only 23% possibility of there still being a pool. So we're still looking at hikes, ladies and gentlemen. So we need inflation to come down. Now, as a non yielding asset, gold, ladies and gentlemen, is going to struggle if inflation remains at 3.5% or increases to 3.6%. Very few people believe it will increase to 3.6%. But of course, it declining as per expectations to 3.4% or remaining at 3.5% is, of course, a possibility. If it's going to, like I said, come in higher than expected, then we can look at potentially decreasing back to the previous price range. So if we're looking at decreasing back to the previous price range, we can look at a possibility of this area here. Or we can look at the possibility of having the price here. Okay, those are two potential possible targets. One of them is basically the price, the upper resistant level of the price range. So we're looking at the resistance being flipped onto the supports, which is well known. And the other is the average price of the price range, which is this level here, just above the psychological level of $4,000. So that's one thing for us to take into consideration. It's all to do with the effect of the CPI. But ladies and gentlemen, what else we're going to look at is the possibility of interest rate hikes. If the possibility of an interest rate hike is going to increase above 50%, then again, that pressures the price of gold. The other thing we're going to look at, ladies and gentlemen, is bond yields today are declining. This indicates that the market is expecting that the CPI release is going to be lower than expected. If indeed it does materialize to be so, and it is lower than expected, then of course, that's something that supports upward price movement for gold. Now, if we're going to switch over to a smaller timeframe. And by the way, ladies and gentlemen, if we do have questions, feel free, of course, to ask as many questions as you like. We've got one, two, three people saying buy gold. The fourth person saying buy gold. I have two people saying sell gold. If we have any questions, feel free to ask. And I will answer every single question live, ladies and gentlemen. Somebody says here, if we can look at the USD/JPY, we will look at multiple currency pairs, ladies and gentlemen. The USD/JPY is extremely interesting because we're not likely to get two interest rate hikes by the Bank of Japan. The consensus at the moment is that we're going to see one interest rate hike by the Bank of Japan. Most analysts believe that we need a minimum of two in order for us to get support on the Japanese yen. That's unlikely to happen. So we're looking at a scenario of, again, the weakening of the Japanese yen, followed by multiple attempts of currency intervention. So that's very, very interesting because the Japanese yen, the USD/JPY and certain currencies like the Japanese yen is still under pressure and the victim of the carry trade. So that's, of course, something that we're definitely going to look at. We will, ladies and gentlemen, even though we're starting with gold, we will look at price movements and technical analysis and the effect of the CPI for currencies, multiple currency pairs at the stock market as well. And we will also look at crude oil. I've slightly mentioned crude oil already, but crude oil is of massive importance. Because what I want to say to everybody is if we're going to be in a situation where inflation comes down, let's say it comes down to 3.3%, which would be positive for gold. If it comes down to 3.3%, but crude oil is going to increase to $90 per barrel, then the fact that CPI has decreased loses its effect completely. So crude oil is going to play a massive part in our analysis, even for gold, ladies and gentlemen, as well as the US dollar index. But of course, the US dollar index is something that has been there for many, many, well, forever that we've been looking at the US dollar index when analyzing gold. Now, ladies and gentlemen, let's have a look to see what the announcement is going to be because we've only got a few seconds left, ladies and gentlemen, to look at the announcements. And we've just had the announcement, ladies and gentlemen, it has come in as expected, it has come in at 3.4%, ladies and gentlemen. Let's also wait for the core PC price index, because, of course, the core PC price index normally comes out a few seconds later. So the core PC price index for the monthly, the monthly performance has come in as expected as well. And we can see for them yearly, it has also come in as expected, ladies and gentlemen. So we can see inflation for you for the US has declined from 3.5%, 3.4% for the core PC price index, which basically means excluding certain very volatile assets such as food, tobacco, energy prices and so on. That has come in with a slight decline as well. Again, only a very slight decline, ladies and gentlemen. And the fact that it's come in as expected, of course, is going to definitely have effect on volatility. Now, what did I mention? I mentioned that if it comes in as expected, the main scenario is potentially going to be a range bound trading condition. What have we seen, ladies and gentlemen? We've not seen a upward price movement. We've not seen the downward price movement. It has come in as exactly as stated. We've seen some downward price movement. We've seen some upward price movement. And we're trading smack bang in the middle of that, ladies and gentlemen. That's very important as well. Now, definitely what I want to look at now that that announcement has been made, ladies and gentlemen, is I want to look at bond yields. Bond yields show a shot up. They didn't see a shot downwards. Okay, we can see we're trading here, ladies and gentlemen. It's shot upwards. It didn't see downward price movement. Of course, it's retraced since then and it's more or less trading at the previous price. But it's not like gold where we saw downward price movement and upward price movement. US bond yields is traded upwards at first. It's gone back down to the previous low at the moment as well. This is something I'm going to keep an eye on. Because the lower this is going to get, ladies and gentlemen, currently we're trading two points lower. If we, that, sorry, 20 points lower now at 22 points lower. The lower that's going to get, the more support, ladies and gentlemen, there will be for gold prices. Now, if we look at the US dollar index as well, just so everybody's aware, because I can see some one has said here is what timeframe it is. This is, this is a five minute timeframe, ladies and gentlemen. If you look at the US dollar index, this is very important. The US dollar index is down, ladies and gentlemen. So the fact that US dollar index is down gives us a slight bullish bias for gold price movement. Now, the scenario still remains, ladies and gentlemen, in regards to range bound trading conditions. So I'm going to remove these points here for the moment. Now, range bound trading conditions we mentioned being between 4,200, so basically here, and also 4,500, which is basically there. Those are the two areas of that we can form range bound trading conditions. Now, a very key price is going to be the average price of that range. Now, if we look at, if we're going to look at the average price of that range so far, because we're very early on in the range, we look at 59 bars. So I'm going to put a 59 moving average. The average price, ladies and gentlemen, at the moment is 4,331. That is the average price. That's a very key level. So if we're going to get downward price movements or indications of downward price movements. So if we go to a five minute timeframe, let's say, for example, we break below this price rejection level. You can see the support level here and we can see the price rejection level as well for the candlestick. If we break below that, in which case we're going to get signals of downward price movements. What's going to be very key is this target here, 4,331. Why, ladies and gentlemen, because very simply, that is the average price of the range so far. Now, of course, because we're trading above that, that most likely is going to slightly increase further, slowly, slowly. Keep in mind it's a lagging indication. It may increase to, for example, 4,340, 45 at very max 50. Nonetheless, that would be a significant movement downwards. We look at more than just 1% downward price movement, ladies and gentlemen. Now, in terms of upward price movement and the price increasing higher, we've got our target here, ladies and gentlemen. The target here is 1.75% higher than the current price. Now, how long are we going to see that the price is maintaining this upward price bias? Now, very important for the five minute timeframe is the 200 bar simple moving average. I've put the 200 bar simple moving average here. You can see active as a support level here, active as a resistant level here as well. If I go back further, you can see throughout all this period acted as a resistant level. Here as well, acted as a resistant level. Again, here acted as a resistant level. So you can see that's the situation. At the moment, ladies and gentlemen, we're very clearly above this range. So the bias remains that we're going to see upward price movement. Now, if we're going to look at here, ladies and gentlemen, the RSI. The RSI is trading at 59. 59 is indicating that buyers are controlling the price. We're nowhere near the price being overbought at the moment. As long as it remains above 55, we still have indications that buyers are controlling the price movement. We're looking at a stochastic oscillator. It's clearly crossed over upwards, clearly trading quite high as well. We're trading at 83. So that indicates upward price movement again. If we're looking at the MACD, we are again looking at being on the positive side of the MACD and also trading above the signal line as well. So we have indications there in the short term of upward price movement. Very clear indications there. What is important, though, is as we're looking at this and we're looking at the bias of upward price movement. For example, there may be traders that we'll be looking at rather than opening one large trade that may open multiple smaller trades. That's not necessarily increasing exposure. No, we're just pyramiding. So we're looking at the same exposure level, but we're just splitting it up in multiple trades in order to mitigate the risk against multiple timings, volatilities, entry levels and so on and so forth. But while we're doing so, it's very important we keep an eye on the US dollar index. The US dollar index still looking at bearish candlesticks. We're still declining, ladies and gentlemen. We're actually going to look at the price movements of the US dollar index in terms of the currency market. The US dollar index at the moment is the second worst performing currency. The worst performing currency you can see here is the New Zealand dollar. The second worst performing is the US dollar, ladies and gentlemen. So US dollar index is declining. That's a big support, ladies and gentlemen, a big support for gold, at least in the short term while it's declining. And we can see we are looking at upward price movements here very clearly, ladies and gentlemen. Now, again, I'm going to look at US dollar bond yields. US dollar bond yields again is lower. We're trading 24 points lower. That's very key as well. So that's something, again, that we're going to keep an eye on. Now, what I wanted to say in regards to multiple trades, you know, you may enter now and that first trade. Then we're going to enter the second trade thereafter. But if you start to see that the US dollar is increasing in value, then you may cancel that third one. And that's a massive advantage of scaling into the trade. There's different methodologies of doing so. Some people look at reverse pyramiding. Some people look at pyramiding. Some people look at scaling in. So there's many options in regards to in regards to how to enter into the trade. Now, that's enough for gold in for the moment. OK, we're going to come back to gold. We've at the moment mentioned the bias of the bullish side and upward price movement because of the weaker bond yields because of the weaker US dollar. But we've had also stated that the news itself still indicates range bound trading conditions rather than increasing to about 4500 or 5000 and so on and so forth. Now, ladies and gentlemen, what about currency pairs? Because I've got a lot of people here, ladies and gentlemen, which are mentioning currency pairs. Now, somebody mentioned the US dollar against the Japanese yen. Now, if we go to the US dollar against Japanese yen, most likely we're going to be looking at indications of downward price movement. We can see, of course, very clear indications of downward price movement here, ladies and gentlemen. We've got we're in the middle of an impulse wave. We're trading below the 200 bar moving average. The parabolic SCRs are above. We're very low on the RSI. We're at 30, should we say, the 30 mark. It's a very clear indication of downward price movement. No divergence, which we did see divergence on gold, which isn't a good thing. We're not seeing any divergence here on the USD/JPY, which is a real positive. We're below the signal line, crossed over downwards and we're on the negative side of the stochastic oscillator as well. So here we have a lot of indications of potential downward price movement, at least on the short term, ladies and gentlemen. Now, what I would actually want to see is also the individual price movement of the Japanese yen. So I've gone here to the performance of currencies. I'm putting it on the 15 minute, ladies and gentlemen. We can see the US dollar looking at up and down price movement. Japanese yen is down at the moment. Not seeing that here, ladies and gentlemen, so far, but it's down at the moment when we're looking at currencies across the board. Okay, and keep in mind that's just in the latest candlestick, not overall. Overall, this is trading significantly higher in terms of the Japanese yen. Now, the best performance today, actually, ladies and gentlemen, is if we're looking at the overall price movement. If we go to futures, look at performance, overall price movement of the day, best performing is actually the Japanese yen. It's the Japanese yen and then the Australian dollar. Australian dollar is the best performing currency. Also, keep in mind of of 2026 so far. So the fact that the US dollar is the worst performing, Japanese yen is the best performing, that supports this downward price movement. What is also important is to look at the USD/JPY. Again, very clearly upward price movement above the 200 bar, simple moving average. We're above the parabolic SARs. We are the overbought, which we weren't on the Japanese yen, USD/JPY. So we have to be cautious here, guys. Ideally, we don't want to be in an overbought area. We're above on the MACD, above the signal line. The stochastic oscillator is overbought. It's above 90, but we are crossed over upwards. So ideally, before we enter into any possible or potential buy for the Australian dollar USD. Ideally, we would like to see a retracement to remove any indications of the price being overbought. But nonetheless, the bias, regardless of that, is still upward price movement. We just have to be very cautious about the entry. At USD/JPY, let's go back to the USD/JPY just for the moment. Now, if we're going to switch over to a two-hour timeframe, we can see this two-hour timeframe. And I'm going to go onto a 75 bar EMA. If you're looking at 75 bar EMA, that's at the current level. So if we're able to continue to decline and we get below that level, then we suddenly are going to move on to a bearish bias. And that will really start to indicate downward price movement. So on the two-hour timeframe, we're not quite there, ladies and gentlemen. We need some more downward price movement. If we go back down to the day's lows, by all means, that would be great price movement. But the stochastic, the RSI is almost out of the neutral level. If we drop below 45, then we've got indications that sellers are controlling the market. MACD is not yet on the bearish side. Stochastic oscillator is not yet on the bearish side. So if you go to a five-minute timeframe, we need some more downward price movement in order to get indications that the USD/JPY in the medium to longer term is going to continue to decline. Regardless of the fact that very clearly in terms of momentum indicators here and oscillators as well here on the five-minute timeframe, very clearly indicating downward price movement. Even if we go, ladies and gentlemen, to a 15-minute timeframe, that remains the same. Parabolic as above, downward candlesticks but below the moving average, below the MACD and the signal line. Not oversold just yet, but very clearly bearish conditions and indications that sellers are controlling the market. Stochastic oscillator is very low, which is good, but the bad thing is that it's crossover upwards. So ideally, we want that to cross downwards in order to enter. Now, ladies and gentlemen, let's answer some of these questions. Somebody says here, "I'm trading very fast but without risk management." Guys, if you look at my screen, people that are looking at this on landscape, so if you're looking at this on YouTube, if you're not, it may be better for you to go onto YouTube. If you type in HFM and watch the live on YouTube because you can see the full screen there. If you're struggling with risk management, you can watch some of our webinars. For example, a lot of our webinars are based on risk management, such as improved trade timing, handle volatility. We've got a webinar next week based on that. Your first steps into the currency market, easiest ways to start trading as a beginner. We have multiple, multiple webinars, all of them massively educational. My first trading strategy, for example. And also, if you go to tools and education, like you can see on my screen, and you scroll down to online trading courses, you can also access our online trading courses. Both webinars and trading courses are available for free. You can access them instantly for free. A lot of educational material in regards to risk management. Just to basically comment on that comment that somebody says he's trading very fast, but without risk management. Of course, risk management is key. I did mention pyramiding. The reason pyramiding exists as entry levels is massively to do with risk management because it supports timing of the trade. It helps control volatility, controls exposure. And if you don't see the price movement you wanted to see, then pyramiding is massively beneficial because rather than opening a one lot trade or two lot trade, you've opened a very small trade at first. So the fact that the initial price movement was correct saves you massively a lot of money. So this is what we look at as part of our educational webinar. So that could be massively beneficial, ladies and gentlemen. Let's answer some of the rest of the questions. Let me just find some questions. I can see a lot of comments about the volatility. Some people saying buy, buy. Some people say sell. I'm not sure what asset they're referring to there. Let's look at again at gold. Gold still increasing upwards, ladies and gentlemen. The US dollar still decreasing downwards. So that's something for you to keep in mind. Some people say. Some one says here, yay, baby. So somebody is very, very happy. Somebody says, what about the S&P 500? I'll look at that in a moment. Japanese yen very strong. The Japanese yen, ladies and gentlemen, it is performing extremely well. There's a lot of risk though. Keep in mind in regards to the Japanese yen. It's being supported at the moment because of dollar weakness and also because of intervention, currency intervention. If you're going to look at the Japanese yen in terms of the monetary policy, the fiscal policy, debt to GDP, the carry trade, interest rates. All of this is massively pressuring gold, which is the worst performing currency, ladies and gentlemen, for approximately three years consecutively. So that's something we have to keep in mind. OK, keep in mind there's still always the risk of the USD/JPY rebounding back up. Even if the US dollar is quite weak, it could still potentially increase against Japanese yen. If Japan, the Bank of Japan is unwilling to keep up with the rest of the world in terms of interest rates. Because the differentiates and the difference between 1% in Japan and 3.5% in the US and 3.75% in the UK. And even in Europe where interest rates are lower, it's massively different. So it's still under pressure from that carry trade, ladies and gentlemen. So a lot of large institutions and firms and fund managers, and especially hedge funds as well, will massively take advantage of the Japanese yen in its weakness. Now let's look at the stock market. Now the best performance, just so everybody's aware before we start looking at the stock market, the best performing index of the day, ladies and gentlemen, is, I'll tell you now, the Nikki 225. It's up almost 2%. The Nasdaq is the second best performing. The Nikki 225. And because the beginning of the US session is now approaching. The Asian session has ended. So limited price movement, you know, may be seen on the Japanese yen at the moment, because it's significantly high at the moment. It's overbought on most indicators. You can see here, it's overbought, overbought here as well. We're now entering the US session. So we have to keep him. And also the Japanese yen is extremely strong today. We have to keep in mind that this potentially may decline. It may retrace. It doesn't necessarily mean the trend is going to change. But temporarily, there's risk there from it potentially retracing. So what becomes very important is the Nasdaq. Nasdaq is seeing upward price movement. We're trading above the moving average, ladies and gentlemen. We're not overbought. We're above the signal line, which is key. And we're crossed over upwards on the stochastic oscillator as well. Not oversold. Not overbought either. But very clearly, buyers controlling the price movement. Parabolic SERs are below. We're below the moving average as well. So all of this is extremely key. Very clearly indicating upward price movement, ladies and gentlemen. Now, the only thing I would say to also keep an eye on. Somebody's asked a question here. I'll answer that question in a moment. So here, ladies and gentlemen, if we look at the Nasdaq. And we're going to go on to the 4-hour timeframe. You can see resistant levels here. So those are potential clear targets that traders may take into consideration. And also, if you look at the larger timeframe, the 1-hour timeframes, it gives you additional very key areas. So, for example, we have a key area here. And also, another key area here. So those are three very key areas. Also, people may take into consideration, if we've got individuals looking at swing trading and longer-term trading, potentially, that's something that traders may look at these three levels to scale out. Or if they've been taking advantage of averaging down and now they're in it for the longer term, again, they can look at these levels as multiple targets. What I will say, though, in regards to the Nasdaq, ladies and gentlemen, is keep in mind that the Nasdaq is also going to be influenced by earnings data. Tonight, we've got earnings of Cisco Systems, one of the most influential stocks and components within the Nasdaq. Next Friday, we've also got Nvidia, which is extremely, extremely important because that also will have a domino effect on other companies as well, such as stocks, for example, such as Micron Technologies, such as SpaceX, such as, for example, AMD. It normally moves hand in hand with AMD as well. Somebody says here, "What's your TikTok?" If you type in HFM, you will indeed find our TikTok. But let's go also to look at the Nasdaq, since we're monitoring it. If we're looking at the Nasdaq components, ladies and gentlemen, this can help us verify buy signals. Now, if we're looking at this, ladies and gentlemen, the top 11 companies, okay, keep in mind, it's the top 11 stocks, actually top 10 companies because Alphabet have two classes of stocks. But if we're looking at the top 11 stocks, two are declining, nine are increasing in value. So 83, almost 84% are increasing in value of the most influential stocks. Now, if we're going to take more into consideration, then what people normally do is they look at any stock which has 0.50% and more. all. I'll get my calculator out for that, ladies and gentlemen. So how many of those stocks are increasing in value? From those stocks, increasing in value from 28 stocks, we have 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19. So 19 out of 28 stocks are increasing in value. That's 68, should we say, percent are increasing in value. Now, hedge funds and large institutions normally say that if 65% of the index is most influential stocks are trading with a positive, then that verifies to a certain extent potential upward price movement. And also what they look at is where is the most volatility? Because if you're looking at downward price movement, that's 0.34. Here we've got 78. Here we've got 27. Okay. Low volatility. If we're looking at, for example, Nvidia, almost 1.5% above. If we're looking at here, Broadcom, 2% above. If we're looking at Micron technology, almost 4% above. So the volatility is the upward price movement. Applied materials, which is definitely increasing because of their recent earnings. So this verifies upward price movement. If we're looking at the fear and greed index from supplied by CNN, that's on the greed side. It's indicating downward price movement again. Now, what can we use to help us in regards to that? The put-to-call ratio. Put-to-call ratio is down. It's slightly retraced upwards. But if it declines below 0.70% again, that further verifies downward price movement. The only thing we don't want to see is it declining below 0.60%. If it declines below 0.60%, then we are at real risk of profit-taking. So a lot of indications there for upward price movement for the stock market. And keep in mind, for those beginner traders, which want, yes, volatility, but not extreme volatility, that may be difficult to trade for beginner traders. And also they want an asset which is, has a clearer, more easier, should we say, line of influence. Then of course, the NASDAQ is a great, not just a NASDAQ, but indexes are great assets for traders to take into consideration. Now, somebody says here, I'll answer these questions now. Somebody says here, in regards to, let's actually go to a five-minute time frame here, and then I'll answer the questions. We can see all three of our trades have been triggered now. Two of the three are currently in profits. So that's great to see. Somebody says here, is TradingView now available in WebTrader on HFM? Yes, ladies and gentlemen, you don't have to trade from the MT5 like I'm doing here. You can just log into your account. If you log into your account, you can open an account, sorry, log into your wallet, you can open an account. Deposits or trade on the demo account, which is fine. And you can trade on HFM, trade the HFM to WebTrader, which is of course powered by TradingView. Somebody says here, what does the effect on this of the CPI have on silver? It's bullish for silver, ladies and gentlemen, as well, we can see that as well from gold. Less bullish for silver, but nonetheless still bullish, ladies and gentlemen. Now keep in mind silver and gold is one of the strongest correlations in the market. So if for whatever reason, we're going to not see upward price movement on silver. So for example, let's just say it doesn't necessarily decline, but it doesn't break on higher highs. And it kind of forms, should we say, a descending triangle pattern. If that's the scenario, and at the same time, we see gold up, up, up, up, because we have seen a breakout on gold, then that indicates that gold will lose momentum eventually, especially if we get the US dollar start to recover, which at the moment is in no way, shape or form recovering. Now, if we're going to look at bond yields, bond yields are again lower, 26 points lower now. So you can see multiple indications for gold increasing in value, the US dollar declining and stocks increasing in value as well. If you're going to see how this has changed, not sure if you'll have much volatility now. No, it's declined by 3%. But keep in mind when the US session opens, because the US session hasn't opened yet. When the US session opens, that's where we'll start to see volatility here in regards to expectations and possibilities for interest rates for the Federal Reserve in America. Now, the last thing I'll say is, it's very important at the moment to keep an eye on oil prices. The higher, the lower CPI has actually brought crude oil lower, slightly is about almost 1% lower, ladies and gentlemen. And I can measure it for you. So we can see here, it is 0.90% lower, so almost 1%. If this continues to decline, gold finds further support because the fear at the moment is, yes, inflation has slightly declined. It's not massively declining. It's only a slight decline. The fear is if excuse me, if crude oil remains above $80 per barrel, then the inflationary factor is still there. Ladies and gentlemen, of course, that is a massive, massive risk. So that's the end of today's session, ladies and gentlemen. Well, I will say to everybody very quickly, and people can see that on my screen for those of you that are on YouTube. If you're watching this from Instagram or Twitter, if you switch to YouTube, you can see landscape and see the whole screen. For those of you, because people have mentioned it on the chat section, if you need support, if you need further educational material, then we have online trading courses. There's trading courses here for beginners, intermediates, advanced, and also for master traders as well. Multiple, multiple videos and hours and hours worth of resources there. It's free. You can access it. Massively helpful. And if you want live education, then of course you can register again for free on one of our webinars. So keep that in mind as well. Now, ladies and gentlemen, that's the end of today's session. Hopefully you found it educational and informative. I can't see any other questions. The last question was in regards to silver. We have answered that. So enjoy the rest of your day. Hopefully it was massively educational and informative to everybody. Trade safe and trade responsibly. If you ever need our assistance, feel free, of course, to get into contact with us. In the meantime, though, ladies and gentlemen, trade safe, trade responsibly, and