staurum

staurum Updated 

Bad China Trade Balance data, bad Japan's GDP data and more importantly World's Bank forecast cut (2.9% to 2.4%) for the global economic growth; quite have a significant impact. On top of that, alhough JOLTS data gave a better data www.cnbc.com shows a concerning fact over us labour market. Today we have Draghi on stage. Weekly: Some indicators have now made...

staurum Updated 

SInce the NFP night, i am following closely every dance move DXY makes. My mind connects to: www.tradeciety.com Technically the king dollar is still bearish. However, in the longer term, the turn made in May from the bottom makes this bearish move sounds like a correction much more than a reversal.

staurum Updated 

Weekly: Still bearish, with some turning to neutral. Closing higher by weekend is needed. otherwise the windblow continues down. Range: (120x/121x -- 130x/131x). Note: 1251.8 is WMA10. Daily: last candle managed to range lower, but closed inside the op/close of the previous one. Threads almost reach the overbought, MACD if it stays like this, can manage to...

staurum Updated 

Weekly: partly have crooked looking up, while some are flat and some are down. It has turned to neutral though with tiny bull bias. If it stays above last week's closing (1244) and close higher, then the indicators are good to go higher, or else lower. Gold stays within its mid range (120x/121x -- 130x/131x). Note that W-midbband and W-MA10 is at 1251.8) Daily:...

staurum

Congrats to the profiteers last Friday. Weekly: Most of the readings are still bearish, understandably as weekly trend will definitely not be diminished in a night's move. The early just-about-to-sprout momentum to the downside, however, has now been eased. Unless there is a big kick-ass mantra/spelss coming out of the Fed's almighty Queen. (Note: Gold has been...

staurum Updated 

No matter how you look at it, everything favoring the bears is in the chart. you mention it, it will be there: indicators bearish divergence, YES. ADX bearish divergence, YES. MACD losing momentum, YES. Momentum indicators ( Stoch & Stoch RSI , in this case) are pointing down. Unless.... a miracle happens today and daily can close on the green side, and followed...

staurum Updated 

Range 100-93 is done. with DXY bulls losing momentum. it may test 88 level.

staurum

This is inspired by a good forum friend, who kept a coffee shop while making gold money. This is for fun only, while ironically acknowledging that gold moves like a music. There is structure and harmonies to it. This is not intended for trading analysis, but i know 1 person who i think is very good at this type of analysis. Let's play the music.