Simple chart, simple idea.
Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.
Ultimately the better time to buy precious metals again may be June and July.
Gold is forming a very similar blowoff pattern when compared to August 2020.
Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.
Ultimately the better time to buy precious metals again may be June and July.
Gold is forming a very similar blowoff pattern when compared to August 2020.
Note
Failed trade, deflationary trend continues for metals after the big blowoff during the March seasonal top.
Find the edge.
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Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.