big fund ,larg banks(brokers) use it to predict future
backwardation=gold futures price GC1! - gold spot price
when it goes up show larg banks,big fund start buying in futures market
whenit goes down show larg banks,big fund start big sell in future market
now we have high backwardation in 2 days ago , show big banks,big funds start huge buying ,...
THIS IS SUPPLEMENT FOR #37 AND #39.
1. Read #37, 39, 38 in that order, It will make more sense.
2. 54-min a standard short term bar size for my indicators.
3. In #39, I posted 2-hour bar, but didn't run the regression forward that bar size.
4. So consider this replacement for that.
BACK UP THE TRUCK, GET A SECOND JOB, SECOND MORTGAGE, WHATEVER YOU HAVE TO DO, DO IT.
1. this is "full count regression" TIMES 6, with varying bars and ratios
2. this takes about 300 regression lines from 45 min to years
3. this eliminates 75 % of blind spots
3. I am almost at my technical holy grail
4. we are going to explode in AUGUST and again in...
fibo 61% and fibo 161%(for find tp) are most important fibo on gold
lets see AC and stoch and ichimoku(not very important) on daily chart
ichimoku give buy
stoch is sell ,but going to buy in next 2-3 candel
AC is red ,mean trend is sell but going to green(mean up trend comming) personaly i am waiting AC daily ...
GC Daily time frame is in an up trend. The market
is making higher highs and higher lows. The daily
time frame is moving from a high price towards
a low price. Turning to the one hour time frame
and looking for the market to enter into the buy
zone will be a great idea.
There is an up Fibonacci extension above the live
market price point 1922.4 about +1,450...
FED on increase 2 * 0.25 on rate in 2023 , shock eurousd and crash it (short sqeeze it ) ,eurusd emotional crash couse fly up DXY and it effect gold break all powerful supports(short squeeze force big traders hedge buy,inter sell)
now gold have powerfull buy : reach fibo 61% and in daily chart still AC...
DXY fly up couse in gold many buyer on big trend eat SL (no real bad news behind ,only emotion on eurusd)
personaly i belive gold in next 4-5 day will back up (daily chart trend is +)
in up daily sma200 and fibo 61% in focus
i pick 2 buy on green arrow , try to hold them until 1960(soon or late must see it) waiting AC daily turn...
The GC one hour time frame is in a large up trend.
The market hit the up trend and is showing signs
of pushing bullish towards the daily up Fibonacci
extension price point 1922.4 about +350 ticks
Entry: Counter trend line break bullish in the
As long as the market stays above the long
term up trend line. It will be a...
Idea for Gold (XAUUSD):
- This is a Wyckoff Distribution Forecast of Gold.
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing...
becouse AC daily is red (AC 60min is red too),gold is range ,when AC turn green gold can fly up
strongly advice dont open reverse posation(sell for now) on gold,silver , instead reverse looking for buystop on high (4-5 pip above) ,buy in low
our main target for close buys =1960 support (can take 5-6 day)
i hope you can pick buy in low ,dont close it soon like new traders ,move sl to open price and wait 10 day
2 way can happen but both target is 1960
strongly advice stand on buyside,looking buy in deep , dont pick sell signals ,gold can fly up
if you cant inter buy , you must wait double bottom or buystop on 1904 trend break
after 1960 gold next ...