Hi Guys, this is 1H structure for next week subject to datas, news and events. An attempt for an high above SMAs to breakout descending triangle looks likely but how, when and why depending on actions & reactions of market at the beginning of the week. There are various options on the table. For additional infos about Gold please refer to the related ideas...
Hi Guys, Following Chart N.1 (Daily) and Chart.N2 (4H) please find above Chart N.3 (1H) which may a provide a rough TR structure for next week. I've added G20 OSAKA (28-29 June) and NFP (last Friday): For additional infos about Gold please refer to the related ideas linked at the end of this post. Thank you for your support and for sharing your ideas....
i Guys, following the breach of $58 after OPEC+ meeting, WTI was supported at $56 and may be starting a pullback despite 200SMA bearish pressure is still on. The pullback commenced to unfold Friday afternoon to close the week right on 0.618 Fibo retracement of the fall after OPEC+ meeting (yellow 12345). IMHO the horizontal move in the grey channel after 5, above...
Hi Guys, ANY ACTION LEAD TO A REACTION. The basic principles of Newton's Third Law applied to WTI following Khashoggi's assassination on Oct 2, 2018. Please also refer to the following post: For additional infos about WTI please refer to the related ideas linked at the end of this post. Thank you for your support and for sharing your ideas. Disclaimer:...
Hi Guys, 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...
Hi Guys, same narrative for DXY but in reverse. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in...
Hi Guys, same narrative for EUR/USD but in reverse. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in...
Hi Guys, This 4 hour chart.N2 follows previous daily chart N.1. The idea is to provide a technically correct structure that follows the move commenced at 0 (ZERO). Key factors that supported Gold into 0 (ZERO) for the breakout are: 1) Deterioration of US China negotiations that entered a stalemate at the beginning of May; 2) Arising tensions in the Middle East...
Hi Guys, above chart provides an overview but the idea is to focus on most recent price action in order to find short term profitable trades. For the purpose of this idea, focus will be on charts at a lower timeframe which will be published below. For additional infos about Gold please refer to the related ideas linked at the end of this post. Thank you for...
Hi Guys, 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 overall bias as a bullish continuation pattern. Factors that...
Hi Guys, 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 Election. The problem? Well, DXY is struggling to climb above 0.618 Fibo...
Hi Guys, "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...
Hi Guys, 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...
Hi Guys, 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...
Hi Guys, Gold is pulling back from 1.310 once again but is still above 400SMA and supported by 200SMA. The double top may present an opportunity for a breakout of the 200SMA towards 1.294. However, in view of forthcoming FOMC meeting due today, intraday positioning is highly risky therefore not reccomended. On March 10, I posted a H4 chart presenting an H&S...
Hi Guys, 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...
Hi Guys, 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...
Hi Guys, the title speaks for itself. The trend is still down below 200SMA but the building divergence with RSI at 1285 may well favour a pull back into the 200SMA but AToW 50SMA still pushing down. OTOH it could still push and break below 1285 before mid week13. Don't forget the Cup & Hanlde Formation and the Bull Run started mid-Aug'18 which Gold is now...