I've been monitoring the DXY and I've been neutral last time I posted. I gave the market some time so it could reveal it self and it seems promising. 1. April 10th , market gave us a hammer, which I noticed because it was near my trendline. I waited to see if we would get some bullish action, and we did. Here's what I'm looking at. - There's a 61.8...
Simply a neutral outlook on XAUUSD in the next few days heading next week.
Simple Double top set up! Market retested H4 Bearish Engulfing DXY Bearish
Previously I had been bearish on GOLD but the Double top on H4 didn't pan out as I thought it would but It's time to adjust and re-evaluate the market. Let's Analyze the big picture. Monthly Gold has a inverted head and shoulders on the monthly (I will post a picture below) It also has a bullish structure. The 1350 Level is a major resistance and price...
My last markup of the DXY didn't pan out as I thought it would. As a result, I remain neutral on the dollar and wait for it for show its hands.
This is an add on to my previous analysis. I'm only adding two new confluence. 1. Daily Shooting (reversal candle at the 70.7) 4. H4 Structure stays the same! And a huge H4 Engulfing. Read my previous analysis for more info.
Simple Pattern! Refer to my previous analysis on GOLD for more info.
TP hits on my last BTCUSD analysis and Price bounced but that doesn't mean Bitcoin is bullish. The daily structure is bearish. This rise could only be a retracement and to head down further. I will continue to update this.
Very Simple Pattern! I posted a very Bullish DXY outlook which confluence with this analysis. In order for this to be invalid price must break below 105.65 I will continue to update this.
The DXY have been interesting the past few weeks. I had posted couple markups about the DXY but I couldn't see an actual direction for it. But we may be in luck. Let's look at the big picture. Monthly candle closes and we had a hammer at support. Weekly Candle did not give us a follow up candle and instead it rejected and bounced giving us a hammer like...
This is the current set up for GOLD on H4 Last week we couldn't get a follow up on the bullish candle to break the 1250 weekly resistance. Price is still ranging on the daily! We would need a break of 1310 and it could open to the downside. I will continue to update this thread!
I had posted my H4 analysis couple hours ago. But things may have changed with the new Bearish Engulfing on the daily 3/24 There are many ways to look at it In the next few days If Price doesn't break 9.2K We will be heading to 6.5K If that don't hold then we're heading to 6K Disclaimer: I do not trade cryptocurrency! but simply analyze them! I trade...
My last analysis on the DXY was hinting at Bullish action. It didn't officially turn bullish but with recent price action, price is looking to turn bearish. Here's what I'll be looking for. 1. Will it break the trendline. 2. Will it break the 89.5 Level. If these things happen the DXY will turn bearish. Bearish DXY means BUllish XAU/USD Bearish...
My previous analysis XAU/USD was bearish as price move down a bit but this morning things changed. I took a look at the DXY and It couldn't break an important level. I will post the analysis on the DXY later on but for now let's talk GOLD. Let's examine the price action. -Looking at H4 on the big picture price have been consolidating heavy and building a strong...
H4 Structure is bullish. Price retraced to the 38.2 Next Level should be around 10K.
Previously I had been looking for price to break to the 104 levels, but the structure of the price have changed. Candle not closed- We should have a morning star candle ahead of FOMC Inverted head and shoulder. I will post a detailed analysis later on today after the daily candle close. This will take time to play out. price would need to break the 105.5...