# Wall Streets Biggest Hedges Start To Move Again?
**Date:** 2026-06-17  
**Source:** [YouTube](https://www.youtube.com/watch?v=1t8tfLqhz2Q)

## Main Thesis
Gold and Gold Miners are at critical resistance levels after a fast rally, while Silver has formed a higher high. The Kospi market is holding flat, indicating D-RAM and hardware stocks are seeing a lot of activity. Bitcoin has recovered to its daily 20 moving average and a previous heavy trade area, showing some flow improvements but still net negative flow.

## Charts & Technical Analysis

### 1. GDX (VanEck Gold Miners ETF) (4h)

**Bias:** NEUTRAL/WATCHFUL
**Pattern:** downward trend followed by a fast rally to critical resistance
**Key Levels:** critical resistance

The chart shows GDX in a downward trend, followed by an 'extremely fast rally' back to a critical resistance level. The speaker notes this fast rally is a 'good sign' as it means 'somebody is getting excited about it', but emphasizes it's back at a critical resistance level, suggesting caution.

### 2. Silver (XAGUSD) (4h)

**Bias:** BULLISH
**Pattern:** break of lower highs/lower lows trend, formation of a higher high
**Key Levels:** previous lower highs/lows, higher high formed

Silver had been forming lower highs and lower lows, but a 'higher high was formed' just over the last two sessions, indicating a potential shift in trend.

### 3. Gold Spot / U.S. Dollar (XAUUSD) (4h)

**Bias:** NEUTRAL/WATCHFUL
**Pattern:** similar to Silver, rally back to resistance
**Key Levels:** resistance, key level

Gold did something similar to Silver, coming back up to a resistance level and finding a 'key level'. The chart shows a rally back to a previous resistance area.

### 4. GDX (VanEck Gold Miners ETF) (4h)

**Bias:** NEUTRAL/WATCHFUL
**Pattern:** downward trend, consolidation, then fast rally to critical supply/resistance
**Key Levels:** critical level of supply, critical resistance

This is a re-examination of GDX, showing a downward trend, a period of consolidation (marked as a 'critical level of supply'), and then an 'extremely fast rally' back to that critical resistance. The speaker reiterates that the rally is a good sign but it's at a critical resistance, requiring close tracking.

### 5. iShares MSCI South Korea ETF (EWY) (1D)

**Bias:** BULLISH
**Pattern:** uptrend, finding support at previous transaction levels
**Key Levels:** largest transaction level, support

EWY, a proxy for the Kospi, is shown in an uptrend, finding support at the 'largest transaction level'. The speaker notes it's the 'best we've seen it in a while'.

### 6. KOSPI Composite Index (KOSPI) (1D)

**Bias:** NEUTRAL/WATCHFUL
**Pattern:** uptrend, holding flat at a high level
**Key Levels:** flat holding level

The Kospi market is currently 'holding up at flat' at a high level. This is related to D-RAM and hardware stocks, which are seeing a lot of activity. Volatility still seems to be present.

### 7. Bitcoin / TetherUS (BTCUSDT) (1D)

**Bias:** NEUTRAL/WATCHFUL
**Pattern:** recovery from a sharp drop, finding support at key levels
**Key Levels:** 60,010.99 support, daily 20 moving average, previous heavy trade area

Bitcoin has recovered after a sharp drop, finding support at the 'daily 20 moving average' and a 'previous kind of heavy trade area'. The speaker notes 'some improvements on flow' but it was 'net a negative flow' that has started to lessen, possibly due to a 'super oversell capitulation'.

## Regime / Cycle Analysis
The video discusses the current market environment for gold, silver, and Bitcoin, noting critical resistance levels for gold and gold miners, a shift in trend for silver, and Bitcoin's recovery from a potential oversell capitulation. It also touches on the Kospi market's performance as an indicator for D-RAM and hardware stocks, suggesting continued volatility.

## Key Calls & Predictions
- Keep tracking and watching Gold fairly closely as it's at critical resistance.
- Pay attention to charts when new events or historical numbers occur, especially for Bitcoin after its recovery.

## All Instruments Mentioned
GDX, Silver, XAGUSD, Gold, XAUUSD, EWY, KOSPI, BTCUSDT, Bitcoin

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*Generated by FX Evolution Monitor on 2026-06-17 20:00:16*