Who-Is-Caerus

Who-Is-Caerus Updated 

Gold has been choppy so far this week, but things are clear with the identification of a new channel in which Gold is retracing a prior fall from 2720 to 2603. We can see how Gold is nicely respecting the channels upper and lower boundaries, whilst consistently finding resistance down the equilibrium as you would expect to see. We can also see how Gold is...

Who-Is-Caerus Updated 

Currently Gold is consolidating in a lower timeframe channel. We can enter at the 0.5 fib which coincides with dynamic support and is in-line with the most recent broken resistance come support. There is potential to see Gold come down further towards the highlighted 0.764 Fib, and the most recent hourly Long-Legged Doji - a classic indication of market...

Who-Is-Caerus Updated 

The hourly channel which gold has been recently trading in has seen a break to the downside giving us a nice set up for a Short for the month of December. The Weekly SMA falls on 2595.38 which is the first target - Watching price action as it approaches this level is important, as 2600 is a large psychological support that falls in-line with the equilibrium of...

Who-Is-Caerus

Gold can be seen trading within a channel since 1980, 45 years! Whilst Gold has currently pushed and broken through this upper channel, I believe it is due to come back home, given its been in that relationship for 45 years. At least to try and work things out before going separate ways. This technical analysis aligns with my other ideas on Bitcoin, Ethereum and...

Who-Is-Caerus

Above we can see that the S&P 500 has formed a inverse Head & Shoulder pattern over a 3 year period, before finally breaking this key level of resistance come support 4820. Usually we expect price to then travel equidistant from the Head to Neckline in the direction of the break. Therefore, we can see that the potential price top after this pattern plays out is...