BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
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US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
watch for strong resistance in the 1260 region...
IMO, that 1160 was the bottom for gold, can see a short covering rally in the near future post fomc.
near term support around 1180. In worst case scenario, 1160 may be re-tested.
We should see a short covering rally into year end.
With the excessive pessimism, we shall enjoy a nice rebound right now.
but metals should crash along with the upcoming stock market crash in Q4
target 1010 as first target in Aug.
an upleg about to start to 1400s ard Sept.
this is my current view atm.
target 1280 before an explosive rally.
now we retest the Feb low
target $58 as first support
just pointing out a potential massive bull flag for USDJPY. if so, target 118 by Dec.
113.5 is the breakout point
Friday's late rally on Gold, if follows through next week, should have a target between 1300 - 1310, before downtrend resumes
Pattern suggest its currently working its RS in the next week or two. Neckline breakout possible in late Oct.
Look out for 3Q earnings date as trigger for this H&S pattern to play out. Target 840.
IF this is a dead cat bounce, the rally should last 1 - 2 wks at most, and short of 50% fib.
should check COT report today for clues on commercial positioning
after the NFP and potential SPX correction, JPY retracement should start today, look for a 1 - 2 week correction
so far its a textbook style ascending triangle pattern, could be a bullish 6 month trade.
If tonight's NFP drag gold 0.06% down to 1265 level, then it'll be very tough for gold 0.06% to have a sustainable dead cat bounce over 1300. Bulls can't get out!