Since Donald Trump’s re-election in 2024, the global geopolitical landscape has entered a period of uncertainty and anticipation. With 70 days until his official inauguration, the Biden administration retains power until January 20, 2025. This timeframe leaves open the possibility for significant foreign policy actions, raising many questions and speculations.
It is very important to see what the charts suggest as they are always the ones who gives us the clues to where it may find its bottom, so here I share a few different TIMEFRAMES so we can fully understand and see where we potentially may find a bottom… because all of the factors are here!
What we have consider as a BackUp few charts above, could be called a Spring, with a pull back on the MidRange (as luck would have it on 0.618 Fibo retracement!) – LPS. And once again, it JAC, plus 3 taps on 0.618.
Both Russia and Saudi Arabia need high oil prices to generate more budget revenues, but their support for “the stability and balance of oil markets” could unravel part of the efforts the Fed and other central banks have put in the past year and a half to curb inflation.
Gold plays an important role in this multi-polarization. The BRICS need the precious metal to support their currencies and shift away from the U.S. dollar, which has served as the global foreign reserve currency for about a century.
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