OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution. On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to...
In a muted trading session on Monday, U.S. stocks took a cautious stance as the end of a positive month loomed and investors awaited key inflation metrics. By mid-morning, major indices showed marginal declines: the Dow Jones Industrial Average dipped by 0.1%, the S&P 500 edged 0.1% lower, and the NASDAQ Composite slipped by 0.1%. Despite a robust performance last...
OANDA:XAUUSD has been forging a bullish momentum since the opening of the session and updated its global highs to $2018. The market under the pressure of increased interest, weak dollar and fundamental factor is likely to continue its growth. In the next few days, no important news that could change the situation is expected, therefore, the favorable...
On Friday, the Volatility S&P 500 Index reached new lows unseen since January 2020. What is intriguing about this situation is that new lows in the value of the VIX tended to be followed by a subsequent spike in the index and weakness in the U.S. stock market (over the past year or so). Considering that the recovery of the Chinese stock market is starting to show...
OANDA:XAUUSD gained +1.1% over the past week. The market is quite strong and the end of the trading week shows a bullish mood and several indications that the growth may continue as the asset has not reached its target yet. The week ahead is full of important fundamental aspects. On Wednesday, Thursday and Friday important news will be released, here are the...
Volume and liquidity kick back into markets after the US Thanksgiving celebrations and we consider if the trend of a weaker USD, low cross-asset volatility, rising gold and Bitcoin can continue. Direction for this scenario will focus on the direction of travel in equity markets, and notably, whether the NAS100, US500 and even the JPN225 can kick higher. The...
This stocks rally is just a ABC correction and we will see crash at least to 3200.
OANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown: On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is...
US500 - Intraday A Fibonacci confluence area is located at 4549. Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended gains with caution. The formation has a measured move target of 4507. Bespoke support is located at 4465. We look to Sell at 4573 (stop at 4598) Our profit targets will be 4513 and...
OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!! Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are...
Thank you to all those who put out fires in space. I wonder what it would be like to be in outer space? Thank you for your work and I want to say that I'm going back to stargazing and exploring the deep galaxies. And, uh, here's a clear fractal from May 2010. According to it, we have already formed a bottom and we will have a stronger growth of the spx500 and...
This is basic numerology, the values of the price from which the price turns downwards if it is on the highs, the same was the case with bitcoin recently, those who were attentive could notice this pattern on the chart. By the end of this week I will start to build up a large short position
The S&P500 index (SPX) is on a relentless 1-month rally since since the October 27 bottom, having grown already by more than +11%. Since the August 16 2022 High, the index has entered into a long-term Channel Up sequence. The last two breaks below the 1D MA200 (orange trend-line) have been the Higher Lows and the best medium-term buy entry. The recent (October)...
OANDA:XAUUSD forms another micro rally on Tuesday. On Wednesday, the price tries to test the high but fails to reach the area amid a strengthening TVC:DXY ahead of the news. Several important news are published today, I am interested in Initial Jobless Claims - as one of the inflation indicators. Analysts expect a slight improvement in this indicator,...
The S&P500 maintains its steady uptrend since the October 27th bottom, inside a Channel Up pattern. This (on a projected +7.15% 2nd bullish wave) targets above the R3 July 27th High (TP = 4,650). Being however overbought on the 4H technical outlook (RSI = 70.276, MACD = 22.060, ADX = 31.456), we will be ready to short if the price crosses under the 4H MA50 and...
S&P500 violated a solid daily horizontal resistance and closed above that. The broken structure turned into support now. We may anticipate a further growth on the Index. Next resistance - 4595 ❤️Please, support my work with like, thank you!❤️
Dow Jones Index is consolidating on a key daily horizontal resistance. Analysing an intraday price action, we can spot a horizontal range on a 4H. I would suggest waiting for a breakout of the support of the range - 4H candle close below 34760 - as a solid bearish confirmation. A bearish continuation will be expected at least to 34500 then. Bullish violation...
The S&P500 index / US500 has been on the strongest 2 week rise since October 2022, which was at the very start of the Fibonacci Channel Up you see on this chart. The index has established the 1day MA50 as the new long term Support and may test it soon if we expect it follow a similar course as the October-November 2022 rally, which made a short term pull back...