1HrTF downtrend and change of character. Went Long on Support. Check previous 4HrTF picture for more Info.
On the daily was a downtrend but it didn't break LL. On the 4HrTF I notice a CHOCH. Therefore I use FIBO to check where would retracement be. 0.786 Will be the golden opportunity to go LONG. I then zoom into the 1HrTF and wait for price to hit 0.786 FIBO. That is where I took LONG. Smart money Concept.
Bearish on US30, the charts don't lie unless a BIG NEWS hit on FOMC ( Wed 2/11/2022 ) This might be a good opportunity to go Short since it's near the Daily trendline. Look for a few confluences within these days.
This is the daily time frame for US 30, Downtrend.
I reckon price will still push up in the coming days to resistance level but no doubt on the daily time frame US30 is still in a downtrend. Trade with the trend folks !
My prediction for gold. Market is very volatile now, better play safe then sorry folks. Depending where price bring us, RED ZONE is a no GO GO. Make sure to look for fake outs as well. Good luck !
Going short on GOLD. Gold looking bearish with interest rate hiking and world news.
With the interest rate hiking, people are pulling their funds out to have safety cash. Gold looking bearish after it broke major support. From Previous history gold has drop a 34%. Please look at my next publish for further examine.
BTC had a breakout 5 days ago, this might be a retest pattern for it to proceed higher. If BTC doesn't hold this support line, it was a bear trap.