CreativeSelf

CreativeSelf

A follow up update to my original DXY chart I posted back in January 2020. So far it's played unexpectedly well, my original analysis were during pre-Covid market but when news was already aware of a new coronavirus spreading in China. The near term trendline has been broken as August candle closed bearish. There may be some dollar strength within the first...

CreativeSelf Updated 

2001-2002 trendline still active. 3 retests yet failed to break. Possible chance of testing the 2008 trendline before seeing a bounce and retesting the 01-02 trendline again.

CreativeSelf Updated 

Bull flag consolidation is about to end and the rally shall continue. Wave 5. Give it 1-2 weeks or so. Look at the Gold seasonality chart, it tends to rally when the year is about to end, some really strong fundamentals can push price further down but it won't stop the bull rally.

CreativeSelf

Here is 2 short-medium term scenario of Gold if it decides to drop. I'm expecting a bounce from 1445-1450 zone if the range can be respected or if it does break the range then it can drop as low as 1430 and retest a potential support turned resistance of 1445-1450 if it comes to that scenario.

CreativeSelf

As usual, Trump tweets caused volatility in the markets once more and Gold dipped as a reaction, so here is my new analysis for Gold. As I am writing this analysis, Gold seems to have found support again and it looks like it might retrace back to it's top and attempt to breakout + retest once more. I have also added a key level in chart on this uptrend bias. Of...

CreativeSelf Updated 

I am looking for a range break + retest before placing a long. I can see Gold going to 1550+ by mid-January so be patient on this one if you want to get the maximum profits. Remember, there is still a chance of Gold dropping down and test support so be careful.