djpsypher

djpsypher

Too much attention into BITCOIN causing GOLD to sell off imo. GOLD will head much higher soon. I would buy again if it does dip, but 1769 was probably the bottom. The dollar will be at sub 89 soon enough, and it has not been around that level in 3 years. I predict bonds will fall as well. Everyone will be chasing gold sometime this year. GL all.

djpsypher

Highly probable that the dollar continues to go down from here and Gold heads upward. GOLD LONG

djpsypher

Aiming towards 1910 on gold and then a breakout to higher resistance levels and hepfully pass the main ones i highlighed, specially the MAJOR resistance. 2K Stimulus strong possibility and a really good catalyst. Stimulus check might be a seperate standalone bill, so good news for gold if passes. More money printing for the other seperate bills that add up to...

djpsypher

BTG is a great gold mining company with lately surprising earnings, etc. Amazing company as we head on to the future. $10 price target by sometime next year. If we get a gold halidays rally then BTG will definitely take off quicker than expected. Patience ;)

djpsypher

First RED 4HR Volume spotted after so much green, etc. I expect some retracement or a major pullback, goodluck.

djpsypher

Here is a more clear indication of a break to the downside. If it breaks this Symmetrical style triangle then we are going lower for sure.

djpsypher

The correction has started in gold. I would not be surprised if it went lower than 1900. My recommended by zones if it goes sub 1900 are 1820-1860. When it goes below the line above my pink arrow, we have 100% confirmation of a retrace IMO.

djpsypher

We could see a retrace at this point, but the overall trend remains bullish IMO.

djpsypher

In my opinion gold is most likely to rebound around the 1735-1744 area if it keeps heading lower, and then continue the uptrend. DXY will start to decline again.

djpsypher

What i see here is a sideways game that GOLD is going through at the moment. Since it's holding above 1790's pretty well, it is just a matter of time of when the real breakout will arrive. So i extended the triangle with multiple possible scenarios. And one of the reasons the breakout failed today was due to many things getting sold for cash driving the DXY back...

djpsypher

Progressively hitting new highs, i expect the uptrend to continue soon.

djpsypher

DXY is getting weaker & GOLD is holding up its gains pretty well, and there is new changes to accumulation/distribution indications. If DXY keeps tanking tomorrow, this blue line move to the upside is a major possibility.

djpsypher

Upgraded model of my last descending triangle chart with many possible scenarios. Bull on gold!

djpsypher

Depending on the triangle before the next move upwards.

djpsypher

Lower if it goees below triangle and less than 1795. Maximum bottom around 1784 if it makes a bigger drop. IMO better chance of going up from here than down.

djpsypher

Daily Chart TA created a month ago when gold was at the low 1700's.

djpsypher

Expected continuation after retrace is over.

djpsypher

s3.amazonaws.com Unless DXY breaks the previous resistance which it attempted to about 6 times, it is super bearish.