As I analyzed on the monthly I can see gold has hit take profit level 2 and I predict that gold will sell to 2000 before we see 3000 in year 2025. Thanks to FED strengthening the dollar it will weaken gold a bit until further notice.
H1 fib move 61.8 play They say it's too brief but I can't say more just flow
Major zone rejection to trap the bulls then we will send UJ to 138.000... Risk to reward is nice... Don't trust the Fed... The idea to get rich shorting the dollar... Zero Faith in it. Belt up.
Fed has been keeping all interest rates unchanged which is not bullish for the dollar. Price had an odd rally to the upside on the daily timeframe which could potentially be the “head” of this head and shoulders play. Clear resistance to the left and if respected price can slide to 93.604 or lower to 89.352
Based off daily structure EURUSD is bearish because the low it created. 78.6 fib retracement and the looks of a head and shoulders preparing to sell to the downside. I have a trendline that I'd like to see get broken to add more confluence to the over trade. -27.0 is the overall target but that more for the swing traders. Simple setup I think this is very high probability.
Long term as sliver stackers think we could follow gold and see ATH's. I see the gentleman's metal will testing 18$ before continuing higher. The USD's strength and other countries investors will show over time what may happen further.
As we can see at there's a long wick after all time highs. Right after we see that closing price was retested and rejected. Slowly there is a head and shoulder pattern forming and we could see Gold slide to 1930ish and if things get really wicked 1836.... The GAP!!!
Lets begin with the text book market pattern then we sit back and see the DXY inverted H/S. The dollar gain bulls and a lot of XXX/USD pair will tank pretty bad. I'm pretty much depending on the DXY to fly to have this play work out.
BTC ETF decision will send BTC to 4k. I think people should enjoy there profits but this week we have coming is important. Don't forget that buyers do turn into sellers and the next level of major support is not seen on higher time frames. 4k BTC could be seen as the dollars gains strength with FED fixes inflation. Look at my monthly breakdown.
Clearly on the weekly you can see a double top pattern. We are at the neckline retest and can flip back bearish and see a low of $6000 or even zero. If the lower timeframes begin to make LH's and LL's it can be ugly for BTC. We shall see. Trade safe. Be Great. Be Profitable. Amen
I seen abnormal price changes which changed my bias and seen this head and shoulders on the daily. If price continues to make LL's and LH's we could see the Dow crumble.
If my H4 signals show buys then expect gold to trade over 2000 soon. The daily time frame is clear and bullish. Just waiting. ABCD pattern looks smooth
I seen my H4 EMA get retested and A high low point on the m5 I took the buy because of how price has been bullish for the Top 30 stocks.
This buy is pretty aggressive but I took it for a few reasons, 1: The previous H4 candle volume 2: Overall market structure. 3: A decent inverse head and shoulder pattern look at the moment and lasty 4: My EMA as support. I'll see about this break out of the bullish box and monitor the trade.
Respecting the higher time frame bounce I used the fib to measure the low to the high. The candles are forming a downward channel. I will wait for a breakout to see the market make new highs. Take profit will be at 1.618 and the stop loss will be under the higher low point price forms. Typically around 20-25 pips
Daily Strong candle 50% retrace and TP is at H4 Resistance
A high confluence set up for us30 to sell. There is a good amount of news that happens this week that will drive price to the best price to sell. We clearly see a double bottom, but we have to understand that earnings just happened, and the world is looking for a bottom we are not ready for yet. Price is going to come to 31200 and more than likely struggle then...
If the H$ close bullish expect AUDUSD to be overall bullish for some time