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Indicators are throwing quite a few signals, price could go either way technically. A grind sideways till some news breaks out with the trade deal, repo market, and or petrol dollar/world currency dominance slip could send gold up or grind sideways till the markets give. The trend is bullish overall for the past year as gold has had a nice run. China and many...
More about the Nebula Indicator can be found here: @TheTrex
Indicator is an amazing gann-like system that appears to calculate gann angles using sine waves.
At least that's what I can figure. TheTrex made the indi. All credit is to his system/design/work.
Price is at an important level, looks like it will break up. Targets are BTC 14.5k/1K BCH
Watching movement in the keltner channel in blue and the keltner channel oscillator candles in the bottom, you can see as price approaches a peak it trends into the keltner channel and loses momentum, starts the trend change. Indi's are showing some momentum shifts and price is likely to consolidate. Two scenarios I see is, market tanks near end of trump's...
News has been bountiful, inverted yields on bonds, large price difference in gold vs eastern markets. Gold and Silver in high demand. Dollar volatility has Europe looking for new reserve currency.
Recent approval for bitcoin backed futures... Another wave for this parabolic move.
Price found support on the gann 1x2 line at 11170 the 14.6% retrace from 13k peak.... price bottomed just below the 23.6% retrace from peak, and the 61.8% it broke from ath... target for next two subwaves is 25k which is potentially subwave 1 of wave 3 (if wave 1 was 13k peak)... the 1.618 of 3k to 13k is 120k... the 5th wave will likely be apart of a huge...