Jackson Hole Symposium approaches.
The possibility of the FED to start tapering in the markets by October at the latest is gaining strength.
The strongest part of the basket still appears to be the US Dollar.
There is only one issue that can lead the FED to act late reducing asset purchasing is the new coronavirus cases that may cause new lockdowns in the US...
Updating our XAUUSD Weekly Chart.
Jackson Hole Symposium by The Federal Reserve Bank of Kansas City; Aug. 26-28, can be the place of the FED's first strong sign of a new path.
The location of the key support zone is 1765 - 1750 USD/Ounce.
Weekly closing below 1750 ( and the closing below the red trendline ) will add weight on the ounce.
It is early to take a...
Crude Oil prices, which tested $ 150 / barrel levels in 2008, had a rapid collapse with the explosion of the bubble in the US Housing.
The rally, which started at $ 36 levels, decelerated in 2011 at $ 110. Prices, which remained stable between $ 110 and $ 75 for a while, saw a rapid sell-off in 2014.
We were listening to the same symphony as the prices tested $...
Inverse Head and Shoulders' targets were filled in.
Price filled the alt bat pattern as predicted.
The pattern is working and the price dropped 40 points.
Here we have EMA 50 - SMA 200 Suport
3840 - 3828 horizontal support zone.
Cycle Sniper H4 Smaller periods in overbought, bigger periods close to 0.
Closing below the horizontal support is needed for bearish...
Potential Inverse Head and Shoulders is being formed on H1 Chart Timeframe
The bottom must be constructed between 1775-1770.
The neckline and the Structural Targets are shown on the chart.
Can be used as an intraday - short term- buying opportunity.
Pattern validation conditions:
1.the second shoulder with the bottom form must be constructed.
2. the neckline must...
Time Frame: H
Harmonic Readings: Butterfly
Cycle Sniper Price O/B, Signal Approaching Price - Short Zone
Cycle Sniper Fibo Channels: Channel 6 3.0 = MM +2/8 55.47
Wait for M5 / M15 Signal
First target zone 53.90 CS Fibo Channels Median Line