I've been following this narrative since last year but did not expect DXY to be supported so strongly after US Mid Term Elections.
The ideas below provide same structures:
a) downtrend following Trump's election from 2017 to 2018;
b) pullback from 2018 to 2019 into Mid Term...
the first time I thought it could form a Cup & Handle it was on March 26, 2019 when I published the idea on TradingView. For easy reference please click the image below:
Since then I've been trying to undestand gold behavior until it broke out the handle for the upside which confirmed the...
allegations of Human Rights violations are, IMHO, playing an important strategic role for the dynamics of supply and demand and the management of oil price control. Saudi Arabia was placed under unprecedented scrutiny, and economic and political pressure from the international community because of this.
A lot of European Countries have stopped the sale...
"The most common method of trading the ratio is that of hedging a long position in one metal with a short position in the other. For example, if the ratio is at historically high levels and investors anticipate a decline in the ratio that would reflect a decline in the price of gold relative to the price of silver, investors should simultaneously buy...
following my post dated 14 May 2019 Gold was rejected at 1300 but was supported one more time by the longer SMA (620).
The rejection at 1300 marked a lower high compared to previous highs within the correction.
The 3 black S on the orange SMA diverge slightly with RSI but imho divergence not steep enough to prompt a pullback above 1300. Since RSI...
the above is to provide a rough narrative of the last 20 years. What was happening during the 2007-2008 Financial Crisis was scary. We were on the verge of a severe recession according to everybody and extreme measures had to be taken. Pump money, tighter control and let's move on. And if you look at the results IMHO CBs did an excellent job to save the...
the above picture is intended to provide a structural meaning to the moves made by Gold in the last two weeks.
AToW, 10 minutes into the hourly candlestick, Gold is trying to break above 1300.
If it does please consider this structure void.
With reference to the BIG S H S letters in red above, please focus on the LITTLE S H S in red in the chart...
following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive...
since Gold crossed into negative sentiment at the end of February, RSI has yet to be oversold. Last time it has been oversold it was in the summer of 2018 between June and August.
Remember the Bull Run starded on Aug.16th, 2018? That was the last day Gold has been oversold.
Having said that, please note the 3S representing areas of supports for the...
the above is a close up of price movements inside the circled area:
Now please forget about the chart with the circle and concentrate on the 30 minutes chart.
a) three levels: 1266, 1277 and 1288;
b) price supported by 450SMA above 1277;
c) RSI just above 50;
IMHO, US China Trade negotiations and clues...
I still don't know how to use VIX in order to buy SPX pullbacks into demand but IMHO the video explanation provided by Investopedia is a great place where to start.
To note that if you set up this structure and enlarge it, VIX will overlap SPX due to 2008 Financial Crisis therefore its benefits may be...
first of all, thank you all for appreciating my works.
I do my best to try to make sense of what makes no sense. At least for me. Like the move that Gold made today after strong NFP release. To be honest...I was not expecting that pullback. Especially I was not expecting to end week17 above the same support that was breached on Wednesday when FOMC...
according to IMF Saudi Arabia would need oil at $80-$85 a barrel to balance budget. According to some other economists 2019 budget implies Brent at $70-71 per barrel with oil production at 10.2 million barrels per day. According to Ellen R.Wald Saudi Arabia does not base its oil policy on the budgetary break-even price per barrel of oil.
allegations of Human Rights violations are, IMHO, playing an important strategic role for the dynamics of supply and demand and the management of oil price control.
Ellen R Wald wrote the following article published by Investing.com which I found interesting. www.investing.com
At the end of the article Ellen...
Here a link to Investopedia definition of Cup & Handle:
There are many more on the web.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
hope it is readable.
1. Financial crisis of 2007-2008 (en.wikipedia.org)
2.People emotions take shelter into safe haven
3.Capital take shelter into safe haven
Fear and uncertainty drive the market.
4.In 2010 CBs & Govs. worldwide implement measures aimed to reassure and stabilize financial...
same narrative as previous posts. 2007 Financial Crisis increased demand for safe haven. Central Banks, by introducing policies to stabilize the financial system, eased the fear away and drove gold prices back to pre-financial crisis levels.
From this perspective it could be a 4th wave rounding bottom on top of 1st wave. If so, price coiling and 5th...
as the two red cups are, IMHO, supportive patterns,I'd like to know who is supporting gold.
b) gold industry?
c) China, Russia, India?
d) dollar system haters?
e) fear of another Financial Crisis?
Why should gold resume the negative impulse provided by the Financial Crisis 10 years ago?
Soon the correction will be over and gold will exit...