GOLD - Double top in the triple top
It was the last attempt in this daily cycle to break to new highs.
It's the 3rd top we printed in the last 5 months.Price always peaked at 1293-95. This time it's not a simple top : it's a double top...
I think we are moving into the DCL in the next 2 weeks. I will explain in a PI what I think going on at the daily chart.
My target on this short is the 1204-1214 area.
It's the 3rd top we printed in the last 5 months.Price always peaked at 1293-95. This time it's not a simple top : it's a double top...
I think we are moving into the DCL in the next 2 weeks. I will explain in a PI what I think going on at the daily chart.
My target on this short is the 1204-1214 area.
Comment:
stops for 1,92$ ...
Maybe a few margin calls . We should had jumped immediately above 1300$ in a valid breakout.
Maybe a few margin calls . We should had jumped immediately above 1300$ in a valid breakout.
Comment:
Stocks. A lot of traders are waiting for a collapse in SM.
Trump has ordered to kill every momentum on the short side.
He has enough enemy in his country and outside.
He will not risk a stock market collapse. A SM collapse could easily mean the end of his presidency. They are printing money and buying the indices from dusk til down.
It can easily turn out to be a bull flag.
Trump has ordered to kill every momentum on the short side.
He has enough enemy in his country and outside.
He will not risk a stock market collapse. A SM collapse could easily mean the end of his presidency. They are printing money and buying the indices from dusk til down.
It can easily turn out to be a bull flag.
Comment:
Comment:
Starting to look like a failed breakout...
Comment:
I say it again we are too late in this daily cycle to break out immediately.
Maybe in the next one .
Maybe in the next one .
Comment:
BOJ is intervening.
Comment:
Bank of Japan is defending 108-109 by tooth and nails
Comment:
A close below 1281,5$ would be a key reversal.
After turning everybody into superbullish with this "breakout" I wouldn't be surprised if we close below that level. Everybody was waiting overleveraged 1320$.
After turning everybody into superbullish with this "breakout" I wouldn't be surprised if we close below that level. Everybody was waiting overleveraged 1320$.
Comment:
I make the call : it was failed breakout
We have a nearly 6 months of range ( consolidation ) and the break above the previous top triggered just a very few stops...