Dollar Index has taken a large hit due to the massive level of inflation experienced this year due to monetary covid response. 23.6% of all US dollars in circulation have been printed in the last year alone. Since DXY has crashed and sold off deeply, a sharp reversal may be imminent. At the minimum there could be a sharp move up and whether it sustains and...
$CKG broke out of channel, broke above 20 day
Gold has begun printing bearish RSI divergence on the 1H timeframe which is a strong indication of imminent downside movement. Sell position opened and awaiting selling pressure with a downside target of the 0.618 fibonacci retracement at $1800-$1810.
Im really liking how we are staying above the 200 SMA- looks like we want to break out of this channel any day now 4.51 next resistance (50% fib) then 4.66 (Aug 2019 high). 200 SMA support at 4.36.
Gold has been respecting the descending channel for some time now and we have approached the top of the channel. Gold could either reverse back down and consolidate before breaking out upwards or potentially power straight through. As a result, a short position is placed with a tight stop should gold push through and breakout of the channel.
Silver has recently bounced from a key demand zone, here are the main key levels to pay attention to: Support 1 - 21.6 - 22.6 area based on September's low & autumn's price action. Resistance 1 - major falling trend line tested 3 times this year, for now, it is the closest resistance and most likely goal for buyers. Resistance 2 - 25.6 - 26.3 area based on...
Mountain Boy Minerals - before Drill result - H4
$CKG bouncing off support, 200 SMA, 50% Fib
Gold has been consolidating after setting a recent high against the dollar and it is natural we see some consolidation. Price action has seen a slow burn off from the all time high and now is looking at turning previous resistance (from 2011 and 2012) into support. It is obvious that we have mounted the 50 week simple moving average and we should expect to see...
Don't cross the blue line and BTC will be ok
Gold has broken the triangle & might go for the pink line to create a strong reversal structure, but if it crawls back into the triangle, its a buy
After the latest bull flag, I think we bounce off the 200 MA and go to around $9.
Let's dive deep and take another look at what is playing out across the board in the SnP500, Bitcoin, Gold, Silver, and DXY. No matter how much we think we know, the Market continues to demonstrate it is nothing more than a natural phenomenon bound by Fibonacci patterns. If we start paying attention we find that circumstances that drive the news mean nothing....
HUGE PLAY COMING. Massive, massive downtrend over the previous years. I will be entering the breakout with several options calling high strikes.... Meaning if we breakout past $3, bulls will engage and we moon. Easy Loot | DotcomJack Always do your own research before investing, this isn't a game. Redfin signal below had a similar play.
Silver broke and closed below a 4H rising trendline. the price was nicely rejected retesting the trend line and 618 retracement of the last bearish impulse. now we see a double top formation with a lower high on hourly chart with its neckline breakout. I expect a drop at least to 23.8 level and then potential further decline.