1. Day sellers from 1360 become week. 2. New low made 1211 become new support level. 3. Price ready to move to 1360 again Enter 1232,69 SL 1197 TP 1360
I expect DXY to keep pushing till it reaches the 110 level which could be around the second half of 2019. in connection to the SPX, this is also where i expect the crash to take place and therefore i would move from USD and far away from the stock markets and shift to Gold and other currencies.
Just as a reminder for my future self. Analysis provided by Mietek Siudek. We are about to test the low before we can rally big time - this is similar to Larry Williams prediction.
Keeping this on watch as the larger economic picture evolves. Gold is generally negatively correlated with the equities market. Let's see how this breakout will affect the markets this week.
This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other...
abx as some move to make gold is not ready yet . We need a big news
Gold touch big timeframe rezistance and drop from there - possible intraday setup to join to sellers on volume peaks m30 timeframe.
may be it is where old will shine . A break dow will a signe
Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I...
Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I...
For those of you already short or looking for a short entry, there is a new, bearish flag pattern forming. I think we could still see price pop from here considering the strong bullish move from the bottom of the flag, but as long as price stays contained within the flag we could see selling pressure re-enter and a break down of the flag setting up a price target...
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
Hello friends, gold has been hit very hard recently. RSI Shows an extreme oversold reading on the daily, at the same level at which price has reversed twice before. the Gold price is also at the boundary of an ascending triangle, and furthermore at the 0.5 retrace level. In addition, it does appear the dollar may be topping out for the time being--at least it's a...
It is gold down since last Friday, but it is currently staying under YPP 1269.009. If YPP functions as resistance as it is, if the trend line of the weekly feet below (currently around 1242.000) also goes down, I think that it is the aspect of the downtrend. weekly chart As the most recent trade. 1) Judge that YPP 1269.009 functions as a resistance. Short and...