Gold is still an inflation hedge assetA comparison between 3 periods:
Last 50 yrs Dow +5793%, Gold +5,828%.
Last 20 yrs Dow +413%, Gold +717%
Last 3 yrs Dow range, Gold up
With inflation still in play and likely a recession this year, between gold and equities, who will continue to have more upside potential?
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 = $1,000
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Godlysdailyanalysis
Going.. going.. going... [$BTC Daily analysis - 7/4]Little update for those following the daily analysis , since it was on the 4hr chart it is hard to update on the structure daily, but will follow the underlying trend for the 1hr. The shark is still in play however I have removed it from the chart to de-clutter it (See 7/3). The short-term structure is still bullish but it is near a possible LH for larger structure which would be the sweet spot for shorting. The high right above our current is our last chance for the bears to keep the structure going, if not; the bulls have fully taken over and you can move from sell the rally to buy the dip for the mid-term.
There is also hidden bearish divergence on 4hr and bearish divergence on the 4hr aswell as the 1hr.
Elliot Wave Theory: Motive waves - Diagonal Triangles (pt.4)** IF LOOKING AT THIS PLEASE MINIMIZE YOUR SIDEBAR, AND MAXIMIZE THE CHART (OTHERWISE LINES WILL OVERLAP) **
In this lesson we will go over a form of motive wave that is not an impulse, a Diagonal Triangle! (referred to as either an Ending Diagonal or a Leading Diagonal)
Leave a like if you wish to follow this series, every update will be posted below.
If you are following this series I would suggest writing down what is shown in notes to help your brain remember these patterns, rules, guidelines and more. Elliot Wave theory is based on pattern recognition, and to recognize these patterns in real-time you must first remember them.
We will next be going over corrective patterns (Reactionary) !
Any questions are welcome in the comments below!
Zzz [$BTC Daily analysis - 6/28]Not much to update today; price action is lingering within a range. Is resting on the top of the channel so if we should expect support a good spot would be at the retest of it. However I am still bearish over-all as I don't think bulls will have the momentum required to bring us past previous NSH's, targeting TP2 and areas around if we cannot break our green lines fairly soon. If does break the green lines we have a bullish expectation and it is safe to be long. DI- also above DI+ with ADX starting to work its way up. Will try to see if any noticeable Harmonics on the chart as well for the 6/28. Thanks!
Range-bound [$BTC Daily analysis - 6/26]Seems the megaphone is still present and still vicious. Looks we might also be retesting the PRZ for D leg of the Harmonic to close in that area, if we break above our short-term harmonic will be invalidated and a larger timeframe harmonic will be validated; if this occurs the larger Harmonic will be included in tomorrows daily analysis since it is a higher timeframe harmonic . We are making NSH's and HL's but I think we still need one more strong NSH through the white upper boundary and red LH to be completely bullish since that was our NSL that broke through our bullish expectation. If the harmonic doesn't invalidate I will be aiming to take profit at the 61.8% area. If it breaks and close below 76.4% there is a high probability we will make a NSL.
NSH = New Structure High
HL = Higher Low
NSL = New Structure Low
LH = Lower High
R = Range
Leave a like if you'd like to follow this analysis as I will answer questions and update in the comments if anything significant happens before 6/27.
