Zaiteku7

Zaiteku7 Updated 

Gold has shown a confluence of key level, a strong Elliot cycle completing and a bullish PINbar signal at key support, which includes the 200 EMA & 61.8% retracement levels. Low risk entry at a key level, with bullish signal but counter current trend. 21st day of Daily Cycle. Likely DCL is now in place. High volume on the pinbar day, RSI oversold and reversed, TSI...

Zaiteku7 Updated 

NYMEX:CL1! has almost completed the 50% retracement to $45.29 ($46.26 on the December contract), setting up a fall seasonal drive towards higher prices, specifically a challenge to the $55 level. Expecting a choppy but steep drive towards key resistance levels, with weak back tests on low volume. Reversal signs are appearing on the daily chart but Heiken Ashi...

Zaiteku7 Updated 

COMEX:GCZ2017 is printing a final exhaustion push after last week's FOMC whip & pop abruptly above $1,300. I see the current price action as the first leg down, but extremely weak as bulls fight to regain upwards momentum. We re well into this Daily Cycle and it is unlikely to continue without a short term correction. In the short term, I'm looking for prices to...