minorcontrastDetour

minorcontrastDetour Updated 

OBV is going south, price action is below the mean and first deviation. Nevertheless, I still think it could pump somewhat in coming months, 1$ perhaps, we'll have to see.

minorcontrastDetour

Volume is the key here; if the local channel breaks, 2-3% would be an ideal target, as it has never been properly tested.

minorcontrastDetour

Overbought, broader market trend is bearish, localy we are in a bearish consolidation.

minorcontrastDetour Updated 

Contraction is apparent, I expect that an impulse would happen circa 2023-2024.

minorcontrastDetour Updated 

BTC is overbought and we have some strong divergencies on the daily and on the monthly. 30-35 k could be the target.

minorcontrastDetour

Check your charts comrades, the circumstances are not the same as they were in 2020, DXY is trending up.

minorcontrastDetour Updated 

We can see a potentially bearish consolidation taking place after the break in the previous trend. If confirmed, the closest target will be 21.

minorcontrastDetour Updated 

On the 1-day chart price action is trading near long-term resistance, in case of a breakout the target mentioned above becomes valid(potential top could be a little bit higher or lower, also there are bullish divergencies on the 4-hour chart on multiple indicators)

minorcontrastDetour Updated 

A similar descending trendline has already been broken on BTC, but it remains intact here.

minorcontrastDetour Updated 

Stoch RSI shows very high readings, with price action testing a significant resistance, it indicates an overbought condition, volume declines + the prior major rejection also came from the GC mean.

minorcontrastDetour Updated 

The US dollar index seems to be poised for another move down. We have a downward channel and an ongoing decrease in volume .The real question is whether or not the 100+- mark will be respected once again .

minorcontrastDetour Updated 

Another chart to keep an eye on. As you can see, the structure is clearly bearish, with some leads and trend reductions. Typically, such stories end badly for bulls.

minorcontrastDetour Updated 

The pair has reached the support zone of the descending triangle, oversold and we can even see some good ol' bullish divergences. Dip below the range will mean invalidation.

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Leads and divergencies. I do not think the 5% support will hold; 2-3% looks like a reasonable target given the importance of this particular demand area in the past.

minorcontrastDetour Updated 

We can see a long horizontal consolidation with positive volume picking up after the last move down. Looks like good reward to risk.

minorcontrastDetour Updated 

1) Retraced 89% to a major trendline. 2) Hidden bullish divergence on RSI (also stoch completely oversold) . 3) Currently is trading in a huge falling wedge. Minimum target is 11$, max-60$.

minorcontrastDetour Updated 

The previous time such a divergence occurred was in February-March 2023, and before that, on June 22nd, 2020 (we can probably include November 7th, 2022 as well). Logical targets are 30k and 35k for now.

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If resistance isn't broken in the next few months, expect gold to travel towards 1300 and even 800 area. Is it the bulls last stand?