Gold collapsed extremely hard due to trapped liquidity at the equal highs on the left.
Once banks had pushed the price up aggressively into this area, stopping out sellers, they then could proceed with their aggressive selling.
It is crucial to understand the concept of liquidity if you wish to make high risk to reward trades and understand the WHY behind...
In this video, I explain in detail the relationship between the price of Gold and the interest rate on 10-Year Government Treasury Bonds.
You will understand why Gold is used as a hedge against inflation when investors cannot protect the purchasing power of their wealth through the purchase of government treasury bonds.
Gold has risen in value by 231% since 2007...
A channel is one of the most basic price action patterns
The channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where...
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XAUUSD – GOLD has to decide
Trend: Sell/ Neutral
Price now: 1560.17
GOLDUSD – As following USD pair, Gold might be lower
Trend: Sell/ Neutral
Gold is contraverse from Usd pair. Nothing is proved yet that gold can go that deep. First is important to follow lower timeframe to get facts from our Elite strategy and also news statement. Gold is now...
Gold has been on a very aggressive rise since it broke the 1,380 long term 1W Resistance. Recently it made contact with the Higher High trend line of its 1M Channel Up (RSI = 73.372, MACD = 46.760, Highs/Lows = 196.7521). Undoubtedly we have entered a new long term multi year Bull Cycle but that doesn't mean that the uptrend won't be without lows. Long term...
Achieve Financial Security through Self Development
What skill set will you further develop over the next 90 days?What books will you read? What courses will you take? State specifically your personal development action plan for the 90 days...(your personal development is an ongoing process)............................
I would like to share my very first idea here. It's probably more "food for thoughts".
To my idea:
This is a 15Minute Graph of Gold & Bitcoin
I recognized a correlation between Gold (and any other Big Metal) and Bitcoin.
I found this correlation actually at a much larger scale in a daily chart, but once I was "zooming" in the correlation got...