This is a cross-asset analysis of the following instruments: XAUUSD (Gold), S&P500, U.S. Dollar Index (DXY), the U.S. 10Y Note and M1 Money Supply. The initial idea was in our attempts to determine basically what is driving Gold's price during this period of pandemic. This multi-dimensional work reaches some interesting conclusions.
First we start with the week...
Today, I would like to do a swing trading analysis using just Volume Profile and Price Action.
What got my attention this time was Gold. Its price has been rising and it hasn’t been this high for 7-8 years!
As the price is moving upwards there are zones where the Volume Profile shows heavy volumes. Those are most likely areas, where buyers were adding to their...
My readers and my followers know about the first chart I look at every morning to predict stock market movements. The bond markets. Specifically, the 10 year yield (TNX). Remember, bond price and yields are negatively correlated: when bond prices move up, the yields drop lower and vice versa. A lot the the money managing community rely on the asset allocation...
Gold hit a major long-term resistance which I wrote about a month ago. Despite all the uncertainty around the world (which should actually help gold to strengthen) there was a nice reaction to this resistance and a sharp sell-off.
What happened around 1665
Let’s now zoom in a bit and let’s have a look at what actually happened around the major long-term...
The Gold-to-Stocks ratio breaking above the 200-week moving average.
The last time this occurred was 2001, and for more than a decade investors were better avoiding stocks and holding gold.
Evening Traders!
Today’s technical breakdown will be on SILVER on the weekly timeframe, forming a probable bottom that needs to close above structural resistance.
Points to consider,
- Adam and Eve pattern playing out
- Clear resistance zone to break
- 200 MA current support
- RSI in a falling wedge
- Stochastics neutral
Silver’s trend is forming a...
You may want to short it later. Yellow zone is our desired entry!
Wait for the maximum pain for the retail trader.
See also my other analysis about crypto:
