Gold forgot to sell-off today. Stop buy at 1081!

FX:XAUUSD   Gold/U.S. Dollar
351 0 9
Gold             somehow disagrees with EURUSD             move today. Or maybe it is simpy too much oversold, too many shorts on mkt and some started to realise the King ECB and Emperor Draghi or whole Europe (hahah in fact the whole World) is naked!

I mean c'mon, you can check my RTs             on Twitter today about how global debt mkt is fckd up! 17 Trillion (!!!) USD of bonds globally trade below 1 % yield, while the avg global core inflation is ard 2,7 % !!!

ECB says fighting inflation? WTFFFFF?????? 0,1 Headline, 1,3 Core CPI             . PMI higher, consumer confidence higher... so why do we actually need more QE??? No problem, they will push even 10y German yield to negative (it is negative upto 6-7 years already. And who knows, maybe the Italian Stallion will manage to push his country's bond curve down to negative upto 5 year! After all it is ECB's money, so why not???

Back to Gold:

- Ichimoku setup is still strong bearish , mkt is same oversold, as Kijun has not yet satertd to come down and price is far below Kijun.
- Heikin Ashi shows hesitation, bearish consolidation. haDelta is ticking higher!
- First key is Tenkan Sen at 1080+

- Ichimoku is turning to neutral.
- possible bullish wedge formation. Price could not make a lower low today!
- EWO             shows an extreme positive divergence!
- Key levels: 1081 and 1088+

If it breaks through 1081 we will see a very quick short squeeze!
Get ready and set up your stop buy orders!

United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out