Auguraltrader

Auguraltrader

Previous talk about USD destruction, etc. have come a long way, and the USD indeed has devalued due to fundamentals. However, it broke out of a falling triangle/wedge, tested and is on the break out. For whatever reasons, the skew in the markets have pushed the USD too far down, and it is time for a USD rise. Clearly, sparked off by fear and such... so much so...

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As previously analyzed, Gold topped out and is due for a really good pull back. It is doing it just that now... as earlier expected. See related ideas for earlier analyses that indicated today’s showing.

Auguraltrader

Long time no update for Silver. Silver just broke down. Downside target of 17-19 range.

Auguraltrader

A quick note in the anatomy of the Gold Miners breakdown... Basically, the USD is ↗️ the SPX / Equities are ↘️ The Gold Price is ↘️ Miners cannot hold out in such scenarios, and technical breakdown mapped as in chart.

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As expected weeks ago, the S&P500, and the futures ES1! , showed a mini-rally, and a very suspicious one at that. The last week not only fell flat, it closed down with a bearish candle for the week. Technically, MACD has crossed down and remains down trending, albeit slightly. The Top8 traders Net Positions (yellow line, lower panel) had already broken down of...

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Gold GC1! weekly chart is showing a rejection about the triangle resistance, as it ended the week slightly positive, but in a gravestone doji-like candlestick. MACD is pulling back as well. The Non-Commercial Net Interest (bottom panel, orange line) is rejected at the resistance and staying within a triangle. Watch it for the possible breakdown in the weeks to...

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Chart shows the weekly BTCUSD breakout that happened in 2020. Retested the triangle breakout, it is well on its way up to 26,000. MACD is about to support in a breakout as well. This weekly candle has about 20 hours to go and should be ending is a marubozu type of candle... BULLISH. Appears to be a good consideration to accumulate on pullbacks. Set your alerts.

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BTCUSD had popped up when PayPal disclosed their adoption plans. A surge in BTCUSD (and friends) took place and it is appearing not to follow through too eagerly. Volumes speak much about a tired bull here, despite being fundamentally legit. MACD although is supportive, it should be hitting a resistance soon too. These, when firmed upon a last spike over the next...

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Breaking out on PayPal adoption news, this appears to be a legit breakdown to a new bullish trend but in the shorter term may run out of steam. With all systems go, and bullish MACD to support, only giveaway is the volume which is suspect of a consolidation within the triangle drawn. Perhaps a chance when it comes? Stay tuned...

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The weekly S&P500 futures ES1! chart at first sight and impression is bullish. Candlesticks pattern for the last three weeks collectively show a rebound momentum that ended the week at the top of the momentum, expecting to continue. The historical high appears to be challenged soon. Albeit the MACD is crossed down, the continued momentum may trigger more...

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The Gold GC1! Weekly chart shows a repeated pattern where a corrective wave forms a wedge and then breaks out. This has had happened previously, and it is followed by a relatively strong bull rally. Also plotted are the net positions of the Non-Commercials and the Top 8 Traders, according to CFTC data. And again, it shows a repeated pattern where there is a...

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Yesterday, BTCUSD Bitcoin and (most) friends broke out of formation on a bullish rally. This is concomitant with other asset classes on the bullish move as well, while inverse asset classes moved accordingly as well. This move also breaks the expectations of the previous post. The chart shows how an earlier steep breakout in July resulted in a strong retracement...

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The USD index turned bullish last month, retraced and appears to be ripe to rip. Over the early part of this week, the USD index formed a piercing pattern just after it broke down the 55EMA (orange line). A gap up followed today’s opening, and if this follows through, then bullishness of the USD is firm. Consequence to the USD upside includes a weaker S&P500,...

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It appears that the S&P500 is now caught in a large range between 3200-3422. Just failed the range resistance with an incomplete engulfing down candlestick. Downside bias to range support, after interim minor support at 3320. To be verified by other chart trends too

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The S&P500 futures chart is bearish biased, with a skewed potential to the downside. Candlestick for the week was green but not awesomely bullish, in fact, looked as it the bulls gave up some ground instead. The coming week needs to close below 3323 to continue the downslide with more commitment. MACD is supportive of more downside having crossed down, and the...

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The month just turned over, and perhaps it is time to check out the long range charts to have an idea of what might be heading our way. The chart's most immediate feature is the bearish candlestick of September which lies inside the bullish candlestick of August. This pattern is typically a reversal pattern with the following month down to form the Three Inside...

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Intraday 4H charts show the in-depth two day “massive” rebound rally. a rather legit rally with some legs indeed... check out the MACD and it’s momentum. But sus it appears, until it clears and closes above 3361 proper. And then a successful attack above 3400-3410 would seal it. Else, the larger trend should take over control. Let’s see if this is a sucker rally....

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Looking at the weekly S&P500 futures ES1, there appears to be strong suggestion of more downside to come... First, there is higher volume in the September sell off with supports being broken. 3065 holds an important support level, which is likely to be broken. Second, MACD crossed down with momentum, suggesting weeks of downside bias. Third, the net positions of...