Auguraltrader

Auguraltrader

Of late, I came across a lot of coverage on the BTCUSD ratio with Gold, and there are apparently much expectations that BTCUSD is going to explode, as previously. So... I thought I ought to take a look at it myself and see what it can figure out. The chart shows it... initially, it looked very much like the BTC/Gold is about to break out and give BTC a huge...

Auguraltrader Updated 

To bounce to 1910-1920... Bullish MACD divergence on hourly chart, and downside extended. So need to test, and perhaps fail the resistance.

Auguraltrader

Silver, SI1!, which made its wonderful rally recently, is now under serious headwinds. Not only is it technically challenged, it is also under pressure from a rising USD, and a strong Gold retracement. Breaking down from a triangle, with deteriorating MACD, and triggering a Sell signal, silver has a probable support around 23, else should check in at 19....

Auguraltrader

The USD Index DX1! had a bullish breakout from near the end of a wedge. This is a legit buy signal and appears to be a larger trend change, a after bullish divergence (on the MACD), with very big consequences... as it all leads towards the US Elections. System Buy Signal generated, MACD supportive and crossed up into the bullish territory. Be aware and beware!

Auguraltrader

The USD futures US1! had a bullish upend recently, as part of the coiling for weeks/months. Previously traced trajectory was less volatile, but the secular bullish trend is still intact and about to burst out in a rally over the next weeks to months. Chart has some technical details, and next in anticipation would be an imminent breakout of the trendline to head...

Auguraltrader Updated 

Many narratives out there these days, from mild retracement, buying opportunities, etc. Strictly technical, the retracement only just started and may be good for another month. No major crisis upfront yet, but the weekly charts are showing some head winds, possibly until close to the US Presidential elections or just after. MACD turned down, and crossing over....

Auguraltrader Updated 

Previously projected on Silver, and called a top accurately, this is part two... the retracement. Perhaps much to the disbelief of many, and precisely the reason it would be happening. Technicals, particularly MACD, point to more downside risks. Looking for a lower low and to test 25.

Auguraltrader

Bitcoin just failed an important zone resistance marked by the orange lines. Likely to test 10,000, and then find a lower low at about 8750. Might be worth a look then...

Auguraltrader

Tracking gold, one can buy GDX, the Gold Miners ETF, and the associated specific funds. Having tracked Gold closely for the past three years, the white arrow marks a rough but a real exit point. Today the perfect storm is set... and pre-opening shows a gap down type of breakdown. Previously explained why and how GDX would not be doing well and when it should be...

Auguraltrader

The week ended with Gold going nowhere, but early indications suggest a possible potential breakout rally. Compare the current setup with the previous setup and entry (white arrow), the technicals appear similar yet again, as well as candlestick pattern shows a bullish harami... just like a coiling pattern. Having said that, being very wary about this imminent...

Auguraltrader

Just a quick sum up that the S&P500 has already broken down... 1. The top was a bearish engulfing that wiped out a weeks worth of gains in a single session. 2. System (ATISver5) is bearish with Sell signal qualified. 3. MACD crossed down. 4. Technical rebound failed at 3400, the previous top n February 2020, making a Lower High. 5. MACD crossed over into bear...

Auguraltrader

Looks like Gold broke down on the hourly chart with a double top thing at the triangle wedge resistance. Looking for the bottom support of the triangle wedge... The run up appeared very bullish for a bit but one should wait for firm breakout. Loooks like the next two weeks would be volatile, either up or down.

Auguraltrader

The downside bias on the Nasdaq is greater and clearer a shown in the other indexes. Remember, that tech stocks led the markets up in a record run. Now, it appears that the reverse is also true, leading the downward pressure with commitment. Technically , the weekly candlestick pattern show a bearish engulfing, followed by a rather filled down candle, forming...

Auguraltrader

After being in consolidation for a decent amount of time, a support trend line has been broken. Technicals are suggestive of more downside as a result of this break down. Look out for <1900... it would be rather obvious

Auguraltrader Updated 

Just getting so ridiculous. 11900... next STOP. Expect that it is about time a resistance level holds proper on this parabolic out of proportion bull rally.

Auguraltrader

It is time, and BTCUSD is making a major retracement. Having attempted to break out to 12,000, the bulls burnt out fast and a retracement is due. Candlesticks are very bearish compared to the rest of the technicals and the next month or two should show the new intent. Watch 8800 and 7000 as the target support levels, particularly the former. Noted that BTCUSD had...

Auguraltrader

Just to recap again... 1. In early 2013, a “friend” brought me to a gathering, where the charismatic speaker claimed he was told that Gold would be tracking higher than the last high, etc. There was a following who dumped everything and loaded up on Gold then. I never went back because I saw the opposite. Clearly, from the chart, I was not wrong, although I...

Auguraltrader

It’s done. With gold being on the retracement, and perhaps a large one at that, the gold miners (ETF, GDX) is under siege and under pressure to retrace hard. Technically, despite a long tail, GDX clocked a lower low, which broke down of a support line briefly. The MACD is clearly broken down ahead of price. So, what is the risk? Plenty... the miners tend to do...