Gold (in Swiss Fran) daily-Right angled/Ascendin' in Broaden'Top
Right-angled Ascending formation breakout upwards in 54% of cases:
thepatternsite.com
Broadening Tops breakout upwards in 61% of cases:
thepatternsite.com
there are two channels, an old one and a recent one. we are just in the overlap of both right now. Difficult to take a view besides wait and see. I have decided to play the old channel with a sell on resistance and by on support...
Now we are at the historical resistance to the Gold vs Swiss franc
at the peak of The 2008 financial crisis
I think it will work a little bit to stop the bullish run and it will give a chance to re-enter the market after the correction
it is the time to close your buy positions and lock your profits
Original position taken on the 25th of november. This is an equally weighted index of gold across the major currencies. I was able to secure a derivative contract with the above formula with a private party who've since defaulted in strike unable to cover the margin after +560 pips. Either way, this was a great example of a falling wedge in a fundamentally...
We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.
All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down...
We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down...
The basis of my conclusions for this idea were formulated purely through projective differential geometry. I don't intend to share the principles behind it, my only aim is to publish this to see if my prediction is correct.
- GBP: Looks consolidated in current area. Risk either side
- EUR: Managed to pull away from the low during yesterday trading. Keep a close eye on the current area
- JPY: Risk appetite looks to be rather weak at the moment still
- GOLD: USD weakness after the data yesterday caused a bullish spike on GOLD. Interesting to see if GOLD stays in this downtrend.
-...
![(XAUUSD+XAUCHF+XAUAUD+XAUNZD+XAUEUR+XAUGBP+XAUCAD+XAUJPY/100)/8: Gold: Daily Long Bias (Fundamental Analysis) [Equally Weighted]](https://s3.tradingview.com/9/98uwyM7y_mid.png "Gold: Daily Long Bias (Fundamental Analysis) [Equally Weighted]")
