Learning how to use the tool that are available.
The chart pattern calls for several things to come about in order for this pattern to work. Check the low volumes. We have been accumulating.
Tomorrow Friday, Usdwti will hit 200 moving average. Mir coincides with rig count and other data. Might be good to long oil...
DXY is about to cross over the 200MA in a bullish manner. With this, a decrease in prices in the indexes. To what level remains to be seen.
This is the possible outcome of SPX. Check previous ideas.
It seems that we might move higher. As always, gold needs a catalyst. I suspect the indexes moving lower. Target 1474.
I updated the targets. NOTE: This chart is just speculation. Do not trade on it. It is merely for information purposes. The patterns that form can change at any given time.
I made the case for bulls, now I present the case for short. Do the work people.
I keep putting these charts to peak people's curiosity. There are many clues out there that point where we might be heading... All you have to do is look back in time... This is more than just about gold and silver. It is about the players in the market and how they feel.
RSI tells a different story... It tells the real story...
Just something I see. Short near term. Maybe a secular bull in the making.
Long gold. target 1414. Upper channel added