Icecoldbear

Icecoldbear

Hello Icecoldtraders! $DXY did rally up into a 1hr supply and dropped back down into a 1hr demand as drawn in the previous post. We are currently in a key demand area, which is also a flip zone area and previously a ceiling turn floor area. Too many technical terms here. 😂😂 What should we expect for the $DXY Since we are in a key area, I do expect this...

Icecoldbear

Hello Ice Cold traders, here is my update for the week ahead. As per my previous analysis, price came into the 1hr supply zone and reacted well for a short of 14 points. All previous demand zones are still holding on and new demand zones are being created as well. What does this mean for gold? We can expect price to drop in search of quality demand zones to...

Icecoldbear

Hey fellow traders, the next chart is the dollar index, and to support my belief why gold should be on a short right now. Most commodities are traded using the US Dollar, which would also affect any currencies that are backed by the US dollar. E.g. gbpUSD, nzdUSD. With that being said, what does this mean? It means if the $DXY is going up, we can see commodities...

Icecoldbear

Hello fellow traders, this is my first post on my favorite commodity/thing to trade. Higher TF analysis Supply - Price has just entered a 4hr supply zone and in order for this trade to work out properly, it needs to form a rally-base-drop (rbd). As you can see from the time of this posting, only a rally-base has been formed so we would have to wait and see what...