// Normally don't trade this pair
// ( Target 1790 - 1800$ )
// But Just Broke Key Monthly Resistance
// CFTC Commitment of Traders Report : www.cftc.gov
// A Boatload of Long Positions 6/23 Report
// Will Update Next Tuesday on New Report
Friday was One for the Books!
// I hope everyone ate off this.
// Strong Bear Engulfing on Daily Chart.
// Broke POC ( Point of Control )
// New Report on ( www.cftc.gov )
// Speculative Traders and The Big Boys ( Hedges , Asset Managers etc etc ) Non Commercial have MORE Short Positions Open as Of 6/23
BEEN A LONG TIME
hope everyone is safe
i send my energies and love
im anticipating GJ to go down passed the level i have marked off
before we see any potential rise
with all the chaos oing on in the world right now
and this consolidation that has been loading for a while
i hope for us to see some nice downside entering into next week
few indications have led...
as i stated before
seeing the charts a bit more clearly
we should see some upside
as theres a fresh one hour chart uptrend over the last little while
AND WEEKLY SIGNALS ARE INDICATING
a STRONG BUY
2. we have a bounce from a 4hour support support
3. and our stochastics are up for daily and 4 hour chart
we MIGHT VERY WELL SEE AN UP...
i dont think this uptrend is finished just yet
WE ARE IN A MAJOR DOWNTREND IN TERMS of the bigger charts
but i feel sentimentally theres still some more pushes to the upside
im calling 145.000 area before we see any nice down MOVES
we have SEEN THE POTENTIAL ON THIS PAIR AND ITS ABILITY TO DEFY ALL OF OUR INDICATORS and analysis
so stay safe
I started with a Top Down analysis and noticed on weekly there is a double top and also how market had recently went up to the neckline and respected it(purple line) and also it had tapped Trendline and made a new low as well. The other trendline that got broken, market had made a head&shoulders which made it drop. As of now i see this Pair should go to around...
Gold recently broke out of February's bullish flag pattern and broke pass that area of supply that is now demand (1350's area). Price is now floating in the Weekly Resistance area of 1428.30 and is creating an ascending broadening wedge pattern. There is also bearish divergence on the RSI indicator. These confluences are letting me know that this pair wants to...
WERE CURRENTLY sitting at a 61.8 fib LEVEL
we can see a reversal to the downside for the market to gain some more momentum to break this level in the future
if we see some wicked or consolidation around this current level it may represent
market conditions currently rejecting price from passing this level
lets see how it plays out
im calling a small short into a...
its been a while since i posted
but im back
ive been studying
and watching markets intensively
we got rejected earlier this week on a fib level
so im thinking markets will come down
this level for support and make a rise
remember the market can only go 3 ways
but ultimately there is an uptrend left as seen on the WEEKLY chart up to a resistance point to intiate a major downtrend
look out and lets see how it plays out