Outlining the historical performance of the USD based on chart patterns, support/resistance and Retail Sentiment.
NATGAS Downtrend is over. COT, Retail Sentiment and Fib Confirmed. Price hit bottom line fib 4.236 aligning with the lowest support area. Good Luck
This is the plan i can come up with, and key levels are aligned and confirmed with Fib retracement, retailers sentiment also supporting with Long position reduced from 40% to 26% which gives good liquidity. Goodluck
i think i may have found a buying area @2338.8 - 2339.7. Im going to place Gold long position there
find your supply and demand at every time frame, and this is what we came up with..
Well that's the idea.. All up to papa Powell. All the supply and demand area is confirmed with Fib levels. Im just not showing where those fib levels are..
Based only on Supply Demand analysis and Sentiment analysis
The United States Federal Reserve or The Fed is preparing to start reducing stimulus assistance to the economy or tapering off after mid-November 2021. This was revealed in the minutes of the Fed's September meeting released last Wednesday.
The increase in Gold Futures prices was limited by the strengthening of the US Dollar exchange rate. The US Dollar Index is up by 0.50% to 94.33.
The US Dollar weakened in late trading Wednesday (3/11), after the Fed said it would start tapering off. The US Dollar Index, which measures the greenback against a basket of 6 Major Currencies, weakened after the Fed's statement, hit session lows before reversing some losses, and was down 0.045% at 94.068, still within reach of the 2021 highest point of 94.563 last month.