Fiscal Deficit | Dedollarisation | Metals | CA Rachana Ranade

"China sold a record amount of us treasuries so the amount of us treasuries sold were 53.3 billion dollar which were sold in the first quarter itself there are us treasuries are agency bonds okay but right now you can just imagine 53.3 billion dollar worth treasuries of USA being sold off Now you can imagine so many so much treasuries bonds sold off what are they going to get in return they're going to get dollars what did they do with this dollar they are buying gold they are increasing their gold reserves currently gold makes up 4.9% of China's reserves which is the highest since 2015 so this is again something pretty interesting China racking up its gold reserves uh and uh you know overall gold is almost at an all-time high with the central banks buying so much of gold continuing to buy so much of gold will there's a possibility that the gold prices may go higher from here as well"

"the concept of dollarization as well right I hope you understand this that more and more central government so more and more countries B basically shifting their reserves from US dollar to an alternate asset class which is gold that is not a great sign for United States of America because here countries are saying that instead of having dollar as a reserve currency that's okay even if we don't have dollars as a reserve currency we will have gold as our Reserve currency not currency per se but yes Reserve asset I I must say that"

"next resistance is at 23,000 plus so this is going to be fun now the moment Market crosses 23,000 if it stays there then any call writer who has written the call at 23,000 if it goes to 23,100 let us say that person that call writer also gets strapped there is a short covering and that leads to another rally so as of now everything looks good 23,000 if I mean if Market crosses 23,000 stays there I think short covering will take it to 23,300 23,400 level as well so let me also check the pivots have not checked the oh too much I not checked it I'll be honest with you but just add said 23,300 400 but if you see your next resistance post 23,000 is directly at 23,400"

"write this down that if Market goes about 23,000 stays there then ideally it should go close enough may not be exact but should go close enough to 23,400 as well so it's going to be fun"

"HL right now I believe is pretty much close to a short-term Target of mine I'll share my screen uh of course everyone has to do their own analysis this is not a stock recommendation this is neither a stock buy recommendation but very clear technical analysis here you can see this is pretty much close to an up flag pattern okay this is the height of the pole added to the top of the flag and added to the top of the flag is this resistance level okay close to that okay so be careful"