Gold 1D - potential moves

Updated

No predictions - only probabilities.

Some say Gold is gonna crash. Some say Gold is going to the moon.

I'm afraid to say anything!

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GET READY! Gold markets have become pretty choppy at under 2H. Markets are holding their breath for word on China phase one deal- which is not real deal at all.

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Based only on fractal patterns in the previous wedge (which is not reliable), I expect 1527 soon, and then a sudden retreat.

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Interesting patterns

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Gold and Silver are pretty difficult instruments for the following reasons:
1. Affected by what happens in the Bond Markets.
2. Strength US Dollar Index
3. Strength of the DJI (and other indices).

They may appear to be correlated with one or more of the above but not a majority of the time.

There are several other factors too but I'm not doing a tutorial. Google is your friend.

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Still in kill zone

Captain_Walker

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]

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