mmjotic

mmjotic

Nice place for the bleeding to stop. Worth taking some positions on smaller TF price action around this level

mmjotic

4hr chart is showing a grind higher. Reverse head and shoulders. Reverse head and shoulders has broken up not super pretty.

mmjotic

Bounced of 61.8% retracement on weekly chart drive. Currently following arc. Breakout of last swing high is an interest entry

mmjotic

Interesting level to get in

mmjotic

Looks like a nice low risk breakout entry - long

mmjotic

A bit choppy but interesting level

mmjotic

Looking good

mmjotic

Vamos Alamos. Needs breakout of local swing highs to confirm long

mmjotic

Getting interesting - price following arc. Needs to clear recent double top.

mmjotic

Low risk entry going long - backtest of downward trendline and price following arc. Resistance turning support. Nice daily green close at this level hopefully by end of day. Looking for break of last swing high

mmjotic

Low risk long entry looking for breakout of last swing high

mmjotic

Breakout from downward trendline. Price action is creating wicks on the short side of the candle. Seems to be a backtesting of the trendline. Definitely worth an entry attempt

mmjotic

Interesting to see an 85% increase in 30 yr yield since September only caused a 12% drop in gold vs. USD

mmjotic

Monthly chart forming support from past resistance level. Weekly and daily developing shoulders for inverse head and shoulders. Slight backtest of downward trendline on daily. This level is worth putting some risk on.

mmjotic

Price on 4hr chart is contained within the arc. Backtest of downward trendline is complete. Inverse head and shoulders + double bottom. Next resistance level after breakout from this swing high is much higher.

mmjotic

Bullish structure developing on gold. Break of short term downward trendline. Price is respecting the short term support level too. Risk is clearly defined so might be worth a gamble going long in this area and/or breakout of recent swing high.

mmjotic

Silver looking interesting this evening. Potentially forming a higher swing low. Entry here or at the break of last swing high is aggressive but risk is well defined. Gold may have a better opportunity

mmjotic

Double bottom on daily and 4hr chart. 38% fib retracement on monthly chart. 61% fib retracement on weekly chart. Respecting trendline on monthly chart. Looking for a close near open of the month to signal potential end of recent correction.