XAUUSD (fka Gold) has approached the Daily Supply Zone once again after multiple failed attempts to break. This time might be difference……not in a good way.
Let’s dive in:
Gold has been on an upswing from the Demand Zone in early November
The uptrend has slowed once hitting the Supply Zone nearing the ever popular $1800 price point.
Bearish Divergence has...
With recent news on the FED’s outlook of an “official” recession along with potential ADDITIONAL rate hikes into the new year, the SPX (S&P 500) looks to go a little lower with more pain to come.
What I’ve noticed:
Long term overall down trend has stayed in tact
Short term up trend has been broken (blue arrow)
Fresh supply zone marked with candles closing below...
Ever since the Yen topped at 152.00, the downfall has continued in a synchronized fashion of lower lows and lower highs succinctly. Will this continue?
Here in the chart a couple things to notice:
- A continuous downtrend
- Massive sell pressure arrived in 136.600 - 137.00 area making the Supply Area
- This is the first time $USDJPY has tested this area on the...
