Exactus

Exactus Updated 

Let's be practical. There's 2 ways this can go. (refer back to my 19.4 update about the slip we see in the last few days) 1) Triangle consolidation since the peak of 128 back in March is with a 102.90 resistance level. A breakout above with a daily candle close confirms up-trend breakout and 105, 108, 115 would be immediate possible targets. 2) A breakout...

Exactus

For 3-5 minutes while going through this forget what you know about trading. First thing is : Let's remember our goal, every successful action/plan started with a clear goal that led the way: In our case it's profit When starting to trade seeing the numbers go up and down plays with your head and emotion quickly tempting you with the unlimited potential at...

Exactus Updated 

Wow! Week opened below 1935 support trend-line which was ongoing since the start of the year! Obviously, this followed with a continuation down to 1915 horizontal support. *A close below a 4+ month support trend-line usually dictates a 'retest' - That's when the price goes back to the broken trend-line and 'touches' the trend-line which was broken. *A drop...

Exactus Updated 

Jerome Powell, chairman of the FED yesterday basically confirmed a May rate hike. But ask yourself seriously - Is inflation going to go away due to this? Will this save a bleeding economy? Gold practically called the bluff on FED's comments AND the rising bond yields. As you can see, post FED meeting we have the Gold keep the support trend-line since the start...

Exactus Updated 

Note that we have a few market moving events today : - Jobless claims - ECB & FED chairs speaking (Powell, Lagarde) It's important to emphasize, such events have a tendency to be volatility triggers, it's much less important what is said and done - Majority of impact is volume and technicals. Volume because everyone is trading and there's big swings and...

Exactus Updated 

A wall of text would do you guys and gals no good.. so let's jump to business! 1) Higher lows on short-term and longer-term time-frames. 2) Big triangle consolidation on 4H chart marked with arrows on highs and lows. 3) Around current rates (41,600) is an important resistance (triangle consolidation top) - Once surpassed, the next level is (43,300) - A break...

Exactus Updated 

Guys and gals, let's shut down emotion and think. Connecting higher lows since the beginning of 2022 show strong support between 1935-1940. Is there any fundamental change to what is going on for the last 4 month? Is inflation gone away? Is certainty back controlling the market? If the answer is NO, why would Gold break down this significant level?...

Exactus Updated 

A 'rising wedge" pattern is one of the most bearish candlestick patterns out there. It's when the highs consolidate with the lows in the shape of a sharp triangle going up. When the support trend-line breaks down - A trend reversal is usually ON! Meaning that from higher highs and lows the shift is to lower highs and lows and new lower targets are targeted....

Exactus Updated 

1) The breakout above the down trend-line starting from the highest high , when the price went above 101, marked the beginning of the movement we've seen so far (+$8). 2) There's 2 technical scenario playouts: *Break above 108.20 with a 4h/1d close - 113.40 to 114.64 may be reached in the very short-term *Break below 104.50 with a 4h/1d close - 97.90 to 93.20...

Exactus Updated 

Let's preform a quick surgery on the Gold's chart ;) 1) Gold broke higher than a big weekly triangle consolidation on 8th of April 2022 once price surged above 1945 and confirmed with a close above. 2) Another consolidation in the shape of a wedge took place between 8th of April 2022 to 12th of April 2022 until price surged above 1960 and confirmed with a close...

Exactus Updated 

Trader's have a tendency to over complicate and eventually come to the conclusion of no conclusion at all. But let's break it down to just a few sentences of simple practicality *******Support and resistance of connecting weekly lows and highs since Jan 2021 have been consistent and parallels in the shape of a tunnel ******** *******What took the market to the...

Exactus Updated 

3 horizontal levels marked on chart - 1555 weekly support/resistance relevant for the last 10 years as seen on chart - 1790-1800 weekly support/resistance relevant for the last 10 years as seen on chart - 1920 highest level of all time, target price for now if we close a weekly candle above 1790-1800 resistance. Also, triangle pattern between June 13-June 19 -...

Exactus Updated 

Since 5th of June to today - ascending tunnel formation built out of higher highs and higher lows creating the shape of a tunnel going up. The range to sustain the pattern is 1789 - 1825. A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support. A break above 1825 with a 4h close, will allow for target of...

Exactus

2011 marked a huge accomplishment for Gold peaking at 1920. This peak was made possible fundamentally due to inflation brought on by the sub-prime 2008 crisis. After peaking around 1920 back in 2011, Gold resumed to drop for a consistent 2 year period until 2013. Between 2013-2019 Gold was trading within a triangle consolidation pattern that broke up June...

Exactus Updated 

Since the last 20 years a huge triangle built on the EURUSD. We are on the edge of this triangle. A break higher than the top of the range (1.16500) will follow with the weakest dollar we've seen in a very long time and a massive bull trend. A break below the bottom of the range (1.08000) will follow with a stronger dollar and a much weaker euro. At the moment...

Exactus

Let's be practical. 4 times ONLY since 2008 projection of downside was above $50 of movement as a true possibility. 2008 2014 2018 2020 And now. Connecting weekly lows many times is underestimated by traders. Shoring USOIL from the weekly breakout down December 2019 allowed swing traders to enjoy tens of dollars of movement within a week to weeks. During...

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Following the US30 reaching to the support of the wedge around 25,050-25,100 after my last idea, US30 continued rise back to the 25800 resistance, forming a triple top - within the same day an immediate reaction came when it broke back below the neckline around 25,600 area as a result of reaching the descending trend line resistance converged with the triple top...

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Clear double top indicated across time frames around 26,300-26,400, clearly seen on 1h chart as well as 4h. Neck line break following a 800 dollar drop below 25,500 with a daily close. Following a neck line break the expected drop is equal to the distance between neckline to tops, meaning 800. Target stands on 24,600-800 for now. The fundamentals remain...