Adding to my long gold positions at 61.8% here
DXY setting up a head and shoulder formation.
Break and hold above trend line opens 1400 for gold
Gold has two trend lines I am watching for. A break out of this consolidation to the upside or downside will more than likely retest these trend lines.
Intraday trade as long as 61.8% holds from last hours move.
Heads up below if this head and shoulder breaks on the dollar index.
LABU Chart weekly formation is bullish after bulls held former resistance and now support. Targeting $55-$60.
Weekly chart above cloud, retesteted, formed a doji, perfect set up for a long
Bearish Weekly channel in play here. Also off of 61.8% and Evening star has a lot of bearish momentum
MMM Chart says it all. Looking for 161.8% if we can break this wedge.
Verizon has been on an ABCD wave count for the past few months. It has lined up with 61.8% as well as a C count for a move higher within the next few weeks.
Crude has passed the weekly ichimoku cloud and retested it last week. It also bounced off a trend line support If we break the recent high around 49.50-50 a barrel, I believe we see 55-60 dollars a barrel in the near term.
Gold breaking H1 ichimoku and Daily candle structure is bullish. NFP will be around 47k in my opinion making gold soar tomorrow.