The direction of GC futures is UP but the 2D bar has opened with a SSTO SELL and that is generating an arrow signaling SELL. It is very unlikely that the SSTO will close above 80. I will still consider the direction to be UP until it does close.
There is the overbought (OB) trend noise balance (TNB) indicator on 1D-1W to confirm this
There is a 1M BUY weakness (...
-Why is the SPX a lie?
For starters it weights the 500 most desirable companies and, to continue, its unit of reference is the dollar... an "unbacked" currency (as crypto fanatics say with some reason... people so blinded by their infatuation that from a half-truth they are capable of elaborating truths of a ton or even more).
-Ok, and what do you want to invent,...
The direction of GC futures is UP
There is the overbought (OB) trend noise balance (TNB) indicator on 1D-1W to confirm this
There is a 1M BUY weakness (WK) indicator to confirm short/medium term
There are no 'active' indicators to conflict this
There are 'inactive' indicators to conflict this, the 1Q SSTO SELL signal
There are warning signs of the 2D 6UP which...
today dollar index go down dont allow gold go downer , gold trend + and DXY push it up to trend
now on gold
AC on daily chart is full red,going turn green = buyer and + up trend 90% can comes
AC on 1 hour chart now is red and little can push gold down but when it go down,red full (buysignal) and gold can go...
It is crystal clear that the gold is ranging in an inclined corridor (see the two inclined lines) + the prices are below the VWAP (for the moment). Since there is no volume the minute I type this, it is difficult to predict exactly what is going to happen. But here are the only 2 scenarios:
First, the market will break the range from above with a strong...
A few weeks ago we had a look into Gold cycles, Intermarket forecasts, and COT. At that moment gold was flagging. As you know it usually follows this pattern very well. But it doesn’t mean always. The current breakout wasn’t qualified as we didn’t have a downclose candle prior to the breakout candle.
Moreover, in 2012 we had a similar situation and it was a false...
note=above chart not in USD ,in percent %
in next hour dxy on trend touch can go down ,then up, break trend go upper=gold go down
us 10 year yield must go little up if news not comes =gold go down
gold futures still want touch 1850 trend...
You can see that gold took a very big down move today. I think this is a retrace and not a trend. So I think this is where you can buy gold on sale.
You can see that gold price now in gray rectangle and has broken out of the parallel channel. Also look at gray rectangle and you can tell that top is a support and my bottom is demand zone. Once below my demand zone...
you can see AC is red from 4 days ago
we dont advice sell on gold but now but you can sellstop on 1887 with sl on 1901 (break 1900 can shoot gold to next target 1960 so 100% put SL,dont remove
in next hours,next days good US GDP 6.4% must push dollar index up ,gold to 1850
ALERT=break high will cancel above scenario ,so put buystop( sl=1887 ...
AC accelator on daily chart is red ,this mean seller can comes (trend -)
AC on 1hour chart is green can 1-2 candel move up ,when it turn red,can push gold downer
2 scenario for today can comes
1-touch 1885 then fly up (buylimit with sl=low 1872 trailstop=10.00$)
2- break 1880 and go to 1850(buylimit place) if this buy open,hold it 10-20 day until 1960 or...
do you see how gold is very trendy?
it love go up up up witout pullback (+ move) see july 2020 1 hour chart exactly
for next days you must set these buylimits with sl=6.00$ (AC daily is red, 10-20$ down crash possible)
in 1920-1960 we have powerfull sellimit too ,but we dont advice reverse posation on gold , if you want pick them be know winrate...
I have been in an position for gold for longer than I like to. You can see my original plan here: and paste in link below. Finally hit the target today. It went to according to my plan but it took longer than thought. I had to sweat out some time as I see it fall back and go up and repeat. But it did hold my support line...
dont fear put buystop on high with sl=low 1875 sellstop in low sl=high(5-6 pip above high) trail stop=6after 6-8$ go to profit,move sl to open price , then 2-3 day give time it go
personaly i think gold can crash to 1800 AC daily is red (for go to 2000 need this) ,we must wait see big candel on 15min chart (high speed move) comes to up or down (it...
most important levels you must save in your mind
2070
2150
2333
2700
all above number have high winrate sellimit(but with sl=6.00$)
on current chart :
look to chart , if you see AC (or stoch 7.4.4) full green,going to red , this will move gold down in next 10 day (if buyer pressure be high ,can zigzag,range gold this week) until AC daily go down,full of red...
