The yellow metal have been very weary of present times, covid-19, news, energy prices, fuel prices, Russia/Ukraine conflict and other relative influential circumstances effecting it's trend, as well as other forex pairs, (USD a major factor), that said 1688 has held it's ground well over the previous months, I see no reason for it to break through now having held...
I did initially see a possible start of the precious metal moving back to the main trend pre-end of March, as price began to settle around 1800, a sudden push south the last 7 days may be further indication of a more momentum related push north to return to the trend line from 2018, my long term view did show this dip, (see linked chart below), but with less...
Gold showing signs of a more dominant progress north, to really understand where I am going with this, you need to view my previous charts linked below. I at first seen a possible break north in the early new year, this started as planned, alas the new variant came and further decline progressed, I outlined this possible drop in my previous charts, but did not...
To understand this Idea you would need to look at my Long and Mid term charts, (see links below), 1835 has been tested two times previous, as such a third must be analysed, should gold start south bound movment I see three possible entries, from 1835, 1788 and 1765, it could also bounce of 1772 or even the 1802 previous low making a double bottom. That said I...
This is analysis is taken from my Long term view, (see linked chart below), this chart again is to assist in my analysis on a short term basis, *to follow soon), area's to watch for are 1860, 1898, 1908, 1934, 1966, 1992, 2000 and 2065, I see a major zone from 2130-2158, this could be a dominant drop or a huge push North. The vacine for covid-19 if make a...
This idea I have done to assist me in the production of mid and short term analysis, (to follow soon), that said from this analysis I can see a few area's to lookout for, we undoubtedly will see retraces as gold moves, this can effect the overall view of my analysis changing the time path. Area's to watch: 2010 2078 2130
As can be seen in my previous chart, (see linked chart below), I was not able to forsee the relivance between March 2020 and January 2021 in relation to the new varient of the covid19 virus, the following chart is an update on my previous chart with the new covid19 varient analysis added, should also say I do believe that the drop will further a sustained push...
1800 was a pivotal point for gold, held well but the strenghth to break was not there, this is of no supprise to me as its more a copy of 2019,drop though November, late range then push north till the new year, I see December the third as entry, but as it ranges any entry below 1805 can be considered ok in my opinion, a drop below 1780 I would consider seriour as...
This update of my previous chart is more defined to make it clearer, also allows for the rise to the 24000 area, breaking above my Febuary prediction, please see previous charts link below to fully understand this idea.
To follow on from my previous February chart, I believe the virus held bitcoins progress back, but that said the progress made does stand to my previous chart in the progress made and curvature stands true, as with all pairs now correction must be made to allow for a further for the crypto currency to make further progress
From this analysis using a fractal method, the copy stood and is now showing a downside projection
This chart is a follow on from previous charts, view profile to many to link
Following on from last week’s chart, (see link below), the precious metal ranged for most of the week between 1900 and 1960, breaking 1960 on Thursday moving along my right hand fork of my trend line, resting at 1965. With the Federal Reserve pushing for average inflation, bolstered by improved consumer spending I can see gold still breaking new highs as the USD...
I believe Gold still has more bullish movement left, the shaded bars, (blue and grey), are fractal representations from the 2013 previous all-time high, as you can see from the chart, the yellow metal very much followed the 2013 trend, well until 18th August that is, when is began to drop 100 pips from 2011 – 1911 away from the 2013 trend. As seen from previous...
Support around 11000 is hold well for this reason I expect a retrace to the support around 9717, from this double bottom I can see US100 breaking the 1100 support with a projection tojust below 11900 to around 11888
Gold broke above the fractal of my previous analysis, (see linked chart), taking a closer look at the 2011 highs I was able to use my method to create the idea above, I created a fractal between 9th May 11 and 29th Aug 11, from this I created a copy fractal to the present day chart, placing a copy of the 2011 bars in the fractal as guidance. 2020 was a week late...
AUDUSD has progressed steadily over the Month with dips on the 9th and 13th, that said over the last 20 days it has seen a rise of +2.36% and the last 200 days +4.07%. There is some resistance at 0.70115 with support once passed will come from 0.70044.
I see an entry for AUDUSD at 0.70045, 0.70044 being the previous High, support is from 0.69700 with a resistance at 0.70115, on a technical point of view the moving averages suggest in moderate favour of a north bound movement.