Gold is moving down (as we expected). As you are aware, gold price is inversely correlated with US dollar. From my analysis, I found that US dollar value is expecting to reverse and appreciate in the future. Consequently, this will suppress the gold price downwards.
For those who missed my trade idea in the previous one and didn't enter short position. You still...
Following my analysis last weeks, US Dollars decided to breakout upwards. This suggests that dollar has chosen a direction and it is expecting further appreciation in the future. Be prepared for a drop in gold price and other commodity.
For those you miss the trend but want to get onto the train. Do not worry. Wait for a retract back to the support line. Once...
Best Practice: It's always a good idea to understand what you are trading and what actually drives its value. Bitcoin is one of the most interesting assets I have ever come across in my entire life. It has no empirical way of calculating its intrinsic value and it worths more than gold. I witnessed when it costed only a few dollars years ago, then when it soared...
It is widely agreed that US Dollar has a directly relationship with FED interest rate. When the Federal Reserve increases the federal funds rate, it typically increases interest rates throughout the economy. The higher yields attract investment capital from investors abroad seeking higher returns on bonds and interest-rate products. Simple...
As you all might be aware, the price of gold is inversely related to the value of US dollar and the economy. All else being equal, a stronger dollar tends to keep the price of gold lower and more controlled, while a weaker dollar is likely to drive the price of gold higher through increasing demand. In short, I personally believe that as long as...
Watch out for a resistance at 1451. It could be a change in price direction. (we do not know, nobody knows and we do not need to know to make money.). But what we know is the price will quickly react that resistance. Therefore, grab the profit quickly and go. Trade cautiously and stay healthy.
Hi all, as I mentioned, Gartley pattern with AB=CD is completing (probably in a few hours) @1.0642, which is also a completion price point of Deep Crap (1 hour timeframe). Moreover, this price point is supported with the trendlines drawing from previous lows. There is a high chance that price will react to these points before changing its direction
Hi all, USDCHF is approaching a big resistence @1.0000 (the previous highs)
XCD 113% @ 1.0007
BCD 161.8% @1.0000
Stop Loss@ 1.0020
Limit@ @0.9977 (if the price reverses as predicted, it may go down even more!)
Be careful, this resistence has been tested a few times. There is chance that a breakout may occur.
As always, look for signal - how...
Potential Bullish Bat structure is forming. Rsi structure is forming a divergence against price structure informing potential reversal at the coming Low.
Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.
Entry @ 1.0696
Exit/Limit @1.0944 (Target 1) and...