FullTimeTrader
Long

XAUUSD-psychologic cycle analisis

FX:XAUUSD   Gold / U.S. Dollar
1068 8 22
I saw a very good webinar about the psychological cycle of price. Really true because the market consist of humans who are driven by feelings.

The model is on the left, looking at charts i found this pattern everywhere, specially on gold             . I draw vertical lines to divide cycles. A new cycle is starting now.

According to this psychological analisis the market is cautious now (may be because of the news last week). We see a triangle pattern meaning consolidation.

I think next week investors will gain confidence and will start a bullish rally. I will publish also a technical analysis considering this aspect.

Best regards.
Very good, and agree with the outcome...I'm short EURAUD on this basis, for instance.
We will get great weak aud-nzd-cad-eur opportunities soon.
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IvanLabrie PRO IvanLabrie
This is a large move, that is unfolding, and observable in the SPX, EURUSD/DXY and all USD pairs.
There's a very well defined triangle unfolding, currently lacking 2 small swings for completion before a big thrust.
USD should gain strength briefly on the next swing, then weaken as a result of the follow up, then a smaller usd strength swing before a major move down in the dollar accross the board:

snapshot
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IvanLabrie PRO IvanLabrie
*three small swings
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FullTimeTrader IvanLabrie
I have the same count on EURUSD but i didnt see it. Agree, next week the price will consolidating. According to my trading system using bollinger bands i expect the EURUSD to reach the 1.12-1.13 level then continue down
snapshot
+1 Reply
IvanLabrie PRO FullTimeTrader
Will probably reach that zone while equities fall.
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FullTimeTrader IvanLabrie
Yes, we were right last week about a weak USD index, based on that we had good opportunities to enter the market. Fortunatelly i closed long positions on USDJPY. Then entered long EURUSD, AUDUSD.
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FullTimeTrader IvanLabrie
Yes, we were right last week about a weak USD index, based on that we had good opportunities to enter the market. Fortunatelly i closed long positions on USDJPY. Then entered long EURUSD, AUDUSD.
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Maybe you can load the chart up with satire for next time.
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