Hi Guys,
at its meeting of the 1st of August (X) the FED did not increase interest rates but its accompanying statements in the following 16 days became more and more hawkish and value dropped to 1160 (A). Price bounced and, following the release of the FED Minutes, it formed a ZigZag to test resistence (B).
What happened next is a combined horizontal pattern which ended with the FED Meeting of the 26th of September which raised its key interest rate for the third time in 2018 and signaled one more hike in 2018, most likely in December stating that the "accomodative" era is over (C).
And from C the precious metal has been rising up to X again.
Hope you like.
Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.
Good Night!
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
at its meeting of the 1st of August (X) the FED did not increase interest rates but its accompanying statements in the following 16 days became more and more hawkish and value dropped to 1160 (A). Price bounced and, following the release of the FED Minutes, it formed a ZigZag to test resistence (B).
What happened next is a combined horizontal pattern which ended with the FED Meeting of the 26th of September which raised its key interest rate for the third time in 2018 and signaled one more hike in 2018, most likely in December stating that the "accomodative" era is over (C).
And from C the precious metal has been rising up to X again.
Hope you like.
Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.
Good Night!
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Look at this idea too for a D. Lol
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Also Expertsecret provides an interesting view.
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Ridethepig sets an interesting route towards 1300:
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And Dumani too is targeting 1300:
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Gold prices increased by more than 150% during 1973 and 1974, at a time when interest rates were rising and the S&P 500 Index dropped by more than 40%. (source: www.investopedia.com...-rate-hikes-gold.asp)
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The idea is a Head & Shoulders formation towards the release of FOMC minutes. If, during formation of 2nd shoulder the sentiment do not reach overbought and make a lower top of the previous two, then momentum will be lost and price will reach for the neckline and maybe attempt a break-out towards 1208-1204
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And this would be the H&S
