Gold is an important symbol in the worlds markets. A huge support remains untested below, and above. The larger timeframe must always be studied. Hedge accordingly
Hey folks, Im gonna wait price to break HH, than after flat phase with false break of upper border will signal us to go short :P Watch the full market overview on my youtube channel www.youtube.com
See chart for notes. When a breakout failure DOESN'T immediately create a strong move, ask yourself who's really in control. BOF's can create powerful moves, but early entrants can also be proved wrong really quickly. If they are, what does that do for your narrative?
1. Day sellers from 1360 become week. 2. New low made 1211 become new support level. 3. Price ready to move to 1360 again Enter 1232,69 SL 1197 TP 1360
I expect DXY to keep pushing till it reaches the 110 level which could be around the second half of 2019. in connection to the SPX, this is also where i expect the crash to take place and therefore i would move from USD and far away from the stock markets and shift to Gold and other currencies.
Just as a reminder for my future self. Analysis provided by Mietek Siudek. We are about to test the low before we can rally big time - this is similar to Larry Williams prediction.
Keeping this on watch as the larger economic picture evolves. Gold is generally negatively correlated with the equities market. Let's see how this breakout will affect the markets this week.
This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other...
abx as some move to make gold is not ready yet . We need a big news
Gold touch big timeframe rezistance and drop from there - possible intraday setup to join to sellers on volume peaks m30 timeframe.
may be it is where old will shine . A break dow will a signe
Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I...