Money_Magnet_

Money_Magnet_

Chart says it all Watching below MA/SMMA for late entries Trend line holding

Money_Magnet_

Simple analysis because that's the way we like it. Bullish signals: 1 - Double bottom formed 0.13 2 - Bullish pennant forming on 4h 3 - Above 50,100 & 200 MA/SMMA also Golden cross potential showing as MAs cross upside 4 - Climbing up the Fibonacci lines drawn from larger swing low-swing high, found comfort above 20 which is good minor fib support 5 -...

Money_Magnet_

One of my favourite pattern formations ABCDE symmetrical corrective triangle in a bull trend targets based on Fibonacci extension personally I am hoping to see the 25.390 fib support hold, or slightly higher based on one of my previous charts Don't trade my charts, they're just drawings Universal patterns are universal

Money_Magnet_

Chart says it all Got some nice impulse waves forming on gold since the 1677 low, they are lining up incredibly well with Fibonacci levels also. Check white line for smaller cycle waves. 1-5 impulse - ABC corrective Wave 5 seems guaranteed from here imo target minor resistance shown by yellow top line my ideas are not gospel, don't trade them universal...

Money_Magnet_

Monthly XAUUSD is showing extreme bullish signs. As we can see from the previous lows and highs from 1977-2001 the high at 854 was met with a 0.786 retracement bottom level at 2001. From there we saw the start of wave 3 which took us to a previous ATH in 2011 August. Since then we have retraced at 0.786 again closing the deal in 2016 to grow for the next move ATH...

Money_Magnet_

Chart is looking extremely bull for Silver price Bull signals: 1 - a Major trend line shown by dotted white line has been played and respected since 2 March 2020 and we have broken back above it after a test low dip on 30 March 2021 2 - Double bottom at what has turned out to be a major support zone for silver which is at the 0.382 Fibonacci retracement zone...

Money_Magnet_

Complete Bull scenario on GOLD Bull signals: 1 - Swing low to swing high has retraced to its Fibonacci zone of 0.618 at 9th March 2020, ideal zone for it to find support 2 - We have a double bottom formed on the 0.618 line which is the first double bottom since the August high in 2020 3 - W pattern has almost played out since the double bottom which was my first...

Money_Magnet_

Monthly is looking weak for DXY. Bear signals: 1 - Lower High has been made shown by top dotted line Nov-March 2016-17 2 - lower high has created new trend which was respected at Feb-June 2020 3 - Fibonacci 0.618 bounce Jan-April 2018 was textbook for growth but couldn't break the new high, since then we have been falling through the Fibonacci lines and is...