XAUUSD on a 120-minute chart is showing moving averages slowly converging into deth crosses and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish divergence starting March 8th. I have closed my long positions in gold and silver and crossed the aisle to take short positions . My target for XAUUSD is down to 2085 which is the...
Tesla's last cross was a golden cross back in 2019 that pushed the price to ATHs. Now it's approaching a death cross that might create heavy selling pressure to 52 week lows.
After a brief consolidation in the last two weeks, BTC opened this week with negative sentiments. BTC formed a Doji candlestick on the weekly TF which depicts that market participants are currently in a state of indecision. At the time of writing, BTC is already down by more than 7% on the weekly basis. On the downside, BTC is trying to sustain above its 50-WEMA...
my 2nd scenario for gold, i have posted a chart with a bullish outlook as-well. will be waiting for confirmations before taking any action, Bulls could still pull this back, the MACD is very close to flipping. let me know your views in the comments!
Watching this death cross for a sell signal.
I realized on my last analysis that we can't have an ending diagonal at my last forecast. Rather a continuation of the tested WXY-WXYXZ combo correction. Along with the 50 and 200ma DEATH CROSS. Trend is our friend. Simply break that resistance line then this bear scenario is invalidated.