Hi Guys, since my last post on Tuesday, Gold made a run to hit 1.320 following FOMC meeting on Wednesday. The precious metal received a boost after the US Federal Reserve signalled no further rate hikes this year and balance sheet reduction. Following FOMC meeting though, Gold retraced 0.618 Fib of the move made the previous day and AToW is struggling to keep...
Hi Guys, Here is the link to a tweet I am posting...https://twitter.com/CozzamaraDaZena/status/1111187101981265922 #usdjpy 1H 25/3 showing triple bottom on price at 110 and double bottom in RSI oversold. It looks like the pair is on the edge of a cliff but if structure supports, and #gold keep going south, IMHO #usdjpy may well resume its run to end the week...
Hi Guys, I was doing a work on the 1H chart but I wanted to post this first. I hope the idea is clear...not sure about how that handle may unfold though. On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls. If I am correct, a break below 1300 may prompt a further extension of the correction of the bull...
Hi Guys, tops are descending into 1285. sentiment diverge but bears keep pushing. Gold has been going up & down on support at 1285. On Thursday Gold seemed to pull back (V-shape formation) but nothing happened. I am seeing a lot of cups which may be the first signal that I am losing my mind. C'mon, get a grip Marshall, let it go, Gold is not pulling...
Hi Guys, here it's where Silver is in respect of its position prior to the 2008 Financial Crisis. Please watch the RSI and note the shift in sentiment that has been persistent since 2014. Silver has been in Low Sentiment for the last 5 years. Sentiment was runnung high before the 2008 Financial Crisis but fear drove money out of other markets into safe havens...
Hi Guys, I started this work on the 1H chart but I am posting 4H. On the 1H chart I was trying to find a long SMA to support the move made since end 2018 beginning 2019 and found the 1000SMA. On the 1H chart the 1000SMA worked well as support and then resistance but it was too compressed. I tried the 4H chart and noted that the 1000SMA was working very well as...
Hi Guys, since week9 Gold be forming a distribution channel representing a bear rally before extending the correction. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a...
Hi Guys, I've just seen a tweet from @PeterBrandt (twitter.com) that shows a "common bottom". Well, in week9 - beginning week10; Gold made a "common bottom" XAB. What happened next is an attempt to regain and consolidate above 1300 throughout week10. At the moment BD are higher lows and AC are higher highs. RSI just above 50. Gold squeezed between 200 (support)...
Hi Guys, this is the bull run made by Gold since mid-Aug'18 which follows the guidelines for Applying Elliot Wave Theory. Here are some links for easy reference: stockcharts.com Just to note that the end of the above wave 5 is the letter H in the daily chart that I posted on March 19 related ideas linked below. Thank you for your support and for sharing your...
Hi Guys, according to the Daily chart of USD/JPY that I posted on Feb 2, 2019 and the principle of negative correlations between their moves, GOLD is about to run towards the 166SMA with approx target/support at 1.260/1.240. Since USD/JPY reached the level of the blue bold horizontal line at 112 with a bullish move, I would expect GOLD to unfold a bearish move....