I think there's a good chance that Gold has now topped or will early next week. We've seen a 3 bullish impulse completion of Wave 5 (Wave X-Y-Z). Even though the 'selling confirmation' price is $2,265 & offers a safe entry point, I've found a risk entry on the 1H TF🤞🏼 ⭕️5 Wave Bullish Move Complete. ⭕️Selling Divergence. ⭕️A-B-C Wave Correction Yet Pending.
Now is a very good time to get into USDJPY long positions & target the $153 price point. Offering a good 600+ PIPS profit! Bare in mind this the 1D TF, so be generous with your SL & give market breathing space.
Here's an inverted scale of the previous chart which I posted for you all, showing another angle on the Gold market. Gold has tapped into our zone for sells and so far rejecting. Let's see if this huge move can play out! I've been buying XAUUSD since prices been at early $1,600's. Is it time for a reversal? It's not impossible. Gold is extremely overbought &...
Jobs data posted during the previous week surprised the markets in a negative way. It is sort of a paradox, considering that usually strong job market is good for the economy of any country. However, at the current situation, this strong jobs market sends a signal of a potential increase in inflation figures, which might impact the Fed's decision to cut interest...
US10Y: Bullish- Ascending triangle Ascending triangle detected on US10Y The exponential moving averages remain possible targets Monitor Ichimoku levels The ROC ( Rate of Change) is in a positif territory. Bonds can rise to a double top Stay careful Good trades to all
Well here we are, no recession? no rate hikes? what's going on?. The currency collapse is imminent that's what is going on while majority wait for a recession. No reserve currency has ever survived going past 121% Government Debt to GDP (what about USA in ww2?, this was the start of parabolic technology growth + decrease in spending + war debt repressions...
GOLD SHORT TO $1,967📉 Made slight wave adjustments (WAVE W-X-Y) & relabelled them as Gold pushed higher. Overall this selling analysis remains intact as our selling confirmation zone has not hit yet. I have moved the 'selling confirmation' price higher to $2,156. Being patient & not rushing into trades🤞🏼
The 10Y US Treasuries finished the first quarter testing 4.2% level. The favorite Fed's inflation gauge, PCE indicator was published on Friday, indicating that the inflation is moving within market expectations. This additionally supported market optimism that the Fed will cut interest rates in June this year, which is currently estimated with 60% chance. Speaking...
Gold is forming its structure to sell off soon. We are expecting one final move up to complete Wave Y, before we can start looking for sells. These overbought market conditions cannot carry on pushing up for too much longer.
Gold still hovering a little above our 'selling confirmation' zone, but it is very close to activating our sell order. Being patient & letting market structure do its thing, rather than rushing into a sell & being stopped out🤞🏼
Since the beginning of March, US Treasuries were waiting for a Fed`s clear signal over the course of their interest rate actions, and they finally got the necessary details in a statement after the FOMC meeting. The Fed is planning to cut interest rates three times till the end of this year. A few more cuts are coming in 2026. This information brought some...
Gold keeps breaching new all time high's, after new all time high's. Luckily we're on the right side of history & buying. Also, as our 'selling confirmation' still hasn't hit, we haven't taken any losses from sells. I have moved our selling confirmation level up to $2,143 now🤞🏼 As Gold has breached the $2,200 zone, I have moved my 'Sell Target 1' up towards...
Gold keeps breaching new all time high's, after new all time high's. Luckily we're on the right side of history & buying. Also, as our 'selling confirmation' still hasn't hit, we haven't taken any losses from sells. I have moved our selling confirmation level up to $2,143 now🤞🏼 As Gold has breached the $2,200 zone, I have moved my 'Sell Target 1' up towards...
The DXY is moving up very nicely😍 FOMC manipulated the markets by pushing it down, trapping in sellers, then pushed back up again in our direction. Much more upside to come over the next few weeks.
After the heavy bull run all the way from 2016 - 2022, we saw Gold enter a reaccumulation phase from 2020 - 2023. A strong 3 years of consolidative price action. This was followed by a breakout recently. Is it possible to see another dip down towards $1960's as a retest of this accumulation zone? I'll be keeping an eye out so I can buy the dips. BUT only if...
After the heavy bull run all the way from 2016 to 2022, we sae Gold enter a reaccumulating phase from 2020 - 2023. A strong 3 years of consolidative price action. This was followed by a breakout recently. Is it possible we might see another dip down towards $1960's as a retest of this accumulation zone? I'll be keeping an eye out so I can buy the dips. BUT only...
Even though our long term bias on DXY remains bearish, roughly up until summer I do see the Dollar being supported to the upside. We are seeing a complex A-B-C correction which is yet pending completion. DXY👆 XXX-USD👇
USDJPY buy position now running 350 PIPS in profit. 50% of the move has pretty much been completed, with 50% upside left. Move SL to breakeven if you haven't already.