It cane be opportunity for very long journey for the DXY higher or if his zone didnt hold , it will be the end of the DXY on next 4 months and happy days for EUR longs. I favor that a short term lived DXy long and collapse of DXY that will make market fall to the sky , 4 trillions dollar pumped already. Trading S/P will be as good as Bitcoin bulls. Dont forget to...
1. MA 50 cross down MA 200 on H4 Chart
2. Support line breached on H4 chart
3. RSI , CCI Bearish
1. Fed Ease DXY High
2. China interim deal expected to avoid recession and prepare election
3. China Golden Week until 7 Oct
After 1445 , bounce till 1600 continue bullish journey
"Trading may be bad for your family"
Trading is always based on trick thats designed by majority ETF holders and hedge funds managers. The gold harmoney here based on GoldSpot Tokyo rollover price measure by DXY compared to XAUUSD
This line indicate that market rallied very high and has to find tracement extension , if everybody buys gold to make money , price will shoot and Hedge funds will buy...
Looking from Angle of three charts of gold on XAUUSD based on dollar , XAUCNH based on Chinese Rinminbi and Tokyo Gold Rolling spot , I can see the false signals is not actually false , its consistent harmony from other angle. There always one way to see things different , I will keep posting about this harmony instrument to forecast Gold on Dollar and Euro ,...
How many false signals and choppy indicators and confluence violated within last4 weeks. Time to set and watch. Anyway , Whatever Gold fake signal above 1446 or today flash up with ECB announcement and Euro collapse - indirectly strengthen - dollar and hence Gold weaken back , its all unknown scenario , last week the fall was between GBP then USD ended with...
How many confirmation needed for this support break on weekly chart and two false trial to get back in, first one completed , second expected. Needless to say South Africa Economy is safe haven (Saxobank Experts quoted)
The answer check , CORNUSD and USDZAR on weekly chart , huge reversal preparing for another taking off 1500 -1600 zone or stay confined 1340-1280.
The analysis is forecast for MA 50 and MA200 support and reversal on MA 50 now and analogy to last year April to June 2018 reversal.
In summary Fundamentals Gold shot from 1240-1280-13240 Based on Trade deal fall out...