Hi Guys, Gold exited the bearish trend and is positioning itself approximately at the level where it was on the 1st of August when FED accompanying statements became more and more hawkish (see my previous post). The divegence made today beteen price and RSI may indicate that momentum is pausing and price action may be contained within the green rectangle before...
Hi Guys, at its meeting of the 1st of August (X) the FED did not increase interest rates but its accompanying statements in the following 16 days became more and more hawkish and value dropped to 1160 (A). Price bounced and, following the release of the FED Minutes, it formed a ZigZag to test resistence (B). What happened next is a combined horizontal pattern...
Hi Guys, after all the following we did we are now close to what AhmedSar presented in his post as the end of wave 4 at 1197. Will it fall short or will it go behond that level? Important to note that in his scenario the end of wave 4 do not breakout the upper line of the downward channel. What happen if it does breakout? Well...I have no idea yet...we...
Hi Guys, my previous post tries to follow the formation of a combined corrective pattern. This pattern coincide with letter D of a Bat Pattern outlined by AhmedSar on the 8th of October and many of you are noticing. Since the end of wave 3 the precious metal formed a Flat, a ZigZag and a Horizintal Ascending Triangle which made A, B and C. How long will it take...
Hi Guys, following my previous post, the precious metal is continuing its correction within what looks like a potential 4th wave correcting the big 3rd made yesterday. Gold seems to have completed W and X, therefore Y may form a combined structure before completing the corrective pattern. For more information please visit this link on corrective...
Hallo Tradingviewers, This is not an idea but the analysis of an idea posted by AhmedSar who discovered an interesting formation on the 4 hour chart. My chart is 15 minute and try to show what price is doing at letter D of the Baby Bat formation illustrated by AhmedSar. Please also have a look at the 5 minute chart below to better appreciate the pattern...
Hallo People of Tradingview, last Thursday I posted an idea in which I thought that GOLD was maybe forming a rising wedge. A similar pattern was forming too in EUR/USD. 1) ABC were formed at the same time; 2) when the pair broke-out the resistence, the precious metal did not and kept on going within the bounderies of the rising wedge; 3) When EUR/USD tested...
Hallo again, following my previous post please find below the daily chart of Platinum that may anticipate a move in Gold. Remember that on the 25-26 September there is the FED meeting. Please share your views and comments. Any idea is a contribution for better understanding The Matrix. Please note that I am not a professional trader and these are my personal...
Hallo People, above is a potential scenario for gold. Below some similarities with EUR/USD. Here the link of an interesting article that talks about GOLD similarities with EUR/USD. www.investing.com Have a good night everybody! Please share your views and comments. Any idea is a contribution for better understanding The Matrix. Please note that I am not a...
Good morning People, Below please find atteched the EUR/USD 15 min chart to show how the signal for the breakout was generated. Hope you like it! Please share your views and comments. Any idea is a contribution for better understanding The Matrix. Please note that I am not a professional trader and these are my personal ideas only. ***This information is...
Hallo Tradingviewers, Below please find atteched the EUR/USD 1H chart to show how the signal for the breakout was generated. Hope you like it! Please share your views and comments. Any idea is a contribution for better understanding The Matrix. Please note that I am not a professional trader and these are my personal ideas only. ***This information is not a...
Hallo People of Tradingview, good morning! It's only Monday therefore please don't rush in and be patient. I hope you all had a nice week end. Here I am happy to share with you my picture of GOLD. I will try to publish updates on intraday moves in preparation to the next meeting of the FED expected on the 25-26 September. I am trying to keep it simple. I...
Hallo traders, good morning! It's only Monday therefore please don't rush in and be patient. I hope you all had a nice week end. GOLD -0.32% , after hitting 1160 (X), bounced up towards the 200 SMA with a classic five wave move. During the retracement phase from 5 to B the price hold it above previous low (4) to form a divergence with B in the RSI . The push...
Hallo People of Tradingview, if you want to trade GOLD always keep an eye also on the US Dollar Index. The analysis starts when prices take the distance from the SMA in July 2014 with a clear move that reached an high of 100.39 before forming a broadening formation. During this period of accumulation/distribution DXY reached it's peak when Trump was elected....
Hi Guys, I am on holiday but I always keep an eye on this market. 1211.65 was touched 9 days ago and since then it is moving between 1220 and 1232. Today it tried for the third time to break the low but it only shadowed the morning star and yesterday candlestick made a green doji with long spikes which I think signify hesitation. I don't know if this is to be...
Hi Guys, sorry its late and tomorrow I have got the alarm at 5:00 a.m. There may still be a little bit to go according to my previous posts but I cannot complete this picture as I am too tired, sorry. Up or down, when and how. This is what makes me mad and I love it but tomorrow it's time for some spearfishing at sunrise. Be careful and enjoy your trading. Please...
Hallo People of Tradingview, good morning. GOLD is forming tops on that SMA that try to push price lower. I made a post on the 8th of July but it was on the hourly chart, same SMA. I am still favouring my previous post therefore I will be looking for profits above 1230 but must be aware that downtrend has only slowed down, not reversed yet. Please note that I...
Hi Guys, I don't know yet but GOLD may be targeting 1230 again. If it doesn't make an H&S I may be looking for potential profits between the two black horizontal lines. It depends where the next high will be made. Be careful and take control of your trading. Ciao Please note that I am not a professional trader and these are my personal ideas only. ***This...