We have seen the COMEX Gold Future showing some fake signals during last weeks. Signals followed by very strong volumes, but, seeing the market price running the other way around.
Be careful when trading the Gold Future.
All the red arrows are showing examples of fake signals.
The blue line is an overall trending line being a strong support, if broken there is...
The general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support.
The red line marks the most important line where the sellers won't let the market go above.
The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers....
We have noticed that the market price is flattening. From a long super drop, it has been evolving in a horizontal range which is still going a bit down.
The bottom black lines are showing probable bottom and potential extended bottom.
Whenever the market price finds regularity in the long direction, sellers come to push it back down.
To resume the recovery is...
Under the black horizontal lines, huge volumes.
Above the black horizontal lines, huge volumes.
Between the black horizontal lines , volumes are lower, calm.
The blue uptrend line mark the trend, general trend of the market.
But, on the 17th of September we have seen forces coming into the market to push the market down under a very important point.
Now we are at...
The easiest trade to take today on the Gold Future - GC.
After a long drop during Asian session and European one, the American session wakes up involving huge volumes with initially a strong acceleration of the drop in price to later trace the perfect signal of a possible very profitable long entry.
As the sellers has been squeezed, it is later on the buyers who...
The price has been up trending generally until the buyers were stopped.
The three arrows show where exactly the buyers has been squeezed. The volumes where very important at those points. It is a probable validation that the market wanted to go down.
The horizontal blue lines are marking the new range of the market price. The market is clearly ranging now.
The price has been going down following repeated patterns of small recovery and dramatic fall following.
The hope is in the angle of the slope which is less steep.
We have seen a big fight between people coming in to buy and strong sellers having the hand on this market. Isn't it normal to expect people taking their profits when this market have seen a super...
This is in reference to my previous post which was just a few hours ago, as I updated it in the comments, I was looking for sells between 0.72954 - 0.73085.
I've now further redefined my ranges for potential sells, which are between 0.73076 - 0.73247 (Absolute Max)
It's practically a thirty pip range from 0.73247 - 0.72954 which isn't bad to work...
We have seen an up trending line hidden but being actually acting like a super strong resistance line stopping the market to go further up. Shall we see it like a regulated price for the Corn ? Not sure. But this line is clearly sliding and in a very regular way giving us a probability to see it sliding further.
The black arrow are showing the sliding effect.
From the last analysis on the AAPL we can see that the market has decided to get out the range on 30MN for a very long uptrend.
The last decisions have impulsed the price of AAPL in an exponential move.
BUT, we have seen last week a push from sellers, a very strong one, probably showing a zone in which you can start thinking of taken your profits.
The price has clearly moved up from February this year. There is a strong correlation between the pandemic global issue and the increase in price.
2020 has been a game changer and we have noticed that the market went up before finding a strong resistance illustrated by the horizontal red line.
Market price is still evolving along the main blue trending line,...
Despite the huge volumes, we have observed forces pushing the market down. Here the technical analysis is just a confirmation of what obviously happen in the real world, no bias.
The market has responded to the volumes multiple pushes with clear candle sticks announcing that the probability to see the price going down is very high and won't stop yet.
We have observed several forces acting as a brake and pushing the price above the red down trending line. But a very strong squeeze front last tops have seen the market being inconsistent with its which to move upwards.
The two horizontal black lines are the new tops and bottoms of the horizontal trending range.
We could observe during this week a market which...
AMZN price is following an uptrend at the moment. The blue line being the support of this history happening at the moment.
The gape will be probably filled before observing another push up, the blue line have shown in the past that when the market comes to it, it pullback in other direction. The blue line is probability, therefore, an amazingly interesting entry...
-Perfect nice uptrend angle.
-Last Gape has been filled.
-Nice rebound on the blue trending line.
The GC1! has been showing some intense moments specially during the end of Asian Session and the middle of American Session.
The blue trending line could probably be a support next week for a consolidation of the New Gold Era! The Gold above $2000.
The S&P500 Mini is pushing up and the red top line is showing the expected probable maximum reach before retreat.
The top red line could be a possible great short entry point.
Beware of high volatility and keep an eye always on the US Treasury Bond patterns to validate your entry on the S&P500.