IvanLabrie
Long

Dollar adjusted Gold: In depth time at mode analysis

In this chart I conducted a very detailed time at mode analysis of the monthly chart in gold             , adjusted by the world's investor's perception of the dollar to give us a clearer indication of its value.
Right now, the chart suggests gold             might have bottomed in the intermediate to long term.
This is by no means a small claim, I know, but the technicals on chart are a powerful indication of a big paradigm shift here.
I'll look for bearish dollar setups from now on, I suggest you do it too.
Make sure to follow me at collective2, if you're interested of leveraging my technical insights.
Details are in my profile, as well as links to my track record as an analyst, forecaster and trader.

Cheers,

Ivan Labrie
Time at Mode FX
Comment: On track, analysis is valid so far. Dollar peaked for 2015.
Comment: Gold is holding its own, like most commodities, but even outperforming the index.
Comment: We have hit the 12 month mode support. I think this is really the bottom for a long time.
Comment: Gold continues to be weak, failed rally is very bearish. We will resume the march down to my lower targets in the related ideas.
Comment: Big rally after time expired...nice!
Comment: ...and now it's looking toppy.
Hi Ivan,
Is there any plan to update this chart ?
I'm intersted to know if there is any correlation between DXY or maybe VIX with XAUUSD chart movement.
Thanks,
Reply
This chart also implies the dollar has topped here. Potentially.
Reply
Great analysis mate, appreciate your effort :)
Reply
IvanLabrie PRO moneymaking
Thanks.

I'm executing some trades based on this analysis, it's useful to keep a larger picture perspective.

AUDUSD and NZDUSD will be retracing asap it seems, but they might continue up after said retracement is done. Gold usually leads the way, since they are both correlated to it (and live cattle, and copper).
+2 Reply
moneymaking IvanLabrie
True, I also believe the current rallies on aud and nzd are likely to continue for a while, bulls definitely have the momentum, at for now :)
+1 Reply
Your analysis is great :) thank you for your input
+1 Reply
IvanLabrie PRO XavierAlexander
Thanks, I try my best, have a great mentor, check out his work here: https://www.tradingview.com/u/timwest/
+2 Reply
Your best is all that is required :) much respect to you and your mentor
+1 Reply
That took me a while to read through, so I know it took a long time to make.. Top notch work as usual!
+1 Reply
IvanLabrie PRO NickCoulby
Thanks, now let's go make some $ out of these moves.
+3 Reply
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