perlboy

perlboy

Gold took a hammering in the 1250s and seems to have held so far, long from here, stop @ 1253

perlboy

Crude also painted a pinbar on 4hr after a pretty large rally it is now facing resistance on 4 hour EMA's. Short to 51.1 but suspect it could go a whole lot further (just not interested in crazy risk)

perlboy

AUD gained everything it lost of interest rate announcement and in doing so painted a big pinbar on the 4 hour. Short down to 77.1

perlboy

Looking at a longer term Gold pattern we see Gold has broken through the descending triangle started in 2013. It then rallied up to Kumo & 23.6% Fib Resistance before pulling back. In the short run Williamson21MA and CCI is looking a bit exhausted however there are significant Bullish tendencies in both Willy, RSI and PPO readings. Therefore I think a minor...

perlboy

Down for a bit but seems like a good time for a reversal.

perlboy

Hit 1310 multiple times, now it looks like we're at least going to get some retrace. Cloud support sits at 1190 with 1280 likely to provide some support. Short from here for now.

perlboy

So I predicted 16.8 but by the time it got there it was only ~16.5. Nonetheless, Silver just hit the top of the channel, all eyes on Gold primarily to see if it will break past 1220.

perlboy

U.S. Markets have been on a long term bull market since the GFC. With money printing finally stopped the injection of capital by large financial institutions is now waning. Multiple analysts have now suggested we are reaching a double top pattern with one calling a short @ 2057.4. We hit this number in the final hours of last nights trading session. Conversely...

perlboy

Looks like the bullish penant got resolved and we're on our way up. Only calling 16.8 at the moment but Gold is upticking too.

perlboy

XAGUSD looks to be throwing out a bull flag for a rally up. My original idea was to hit at least 16.8 and this still holds but this could easily punch through if the bulls decide enough is enough on the bleed of precious metals.

perlboy

Silver has been smashed over the past few weeks. I foolishly opened a long @ 16.8, didn't set a stop then promptly fell asleep. I countered this with a 2x short @ 16.558 and rode it down closing at ~15.15 and therefore making back a fair bit of the loss I've been carrying on my initial long. I've now longed more from ~15.4 as we snapped back. I've always been long...

perlboy

We seem to be pumping, retracing 50%, pumping some more... Remains to be seen if the same happens here but we're at decision point....

perlboy

Some resistance and support levels plotted, we seem to have broken out of the long term downtrend which I guess will become support. I suspect we may top out at or a bit above the resistance line before returning to the downtrend line as support.

perlboy

Some resistance and support levels plotted, we seem to have broken out of the long term downtrend which I guess will become support. I suspect we may top out at or a bit above the resistance line before returning to the downtrend line as support.

perlboy

If we maintain the downward channel we might have just tried twice to break out, guessing a drop to at least 580. If we break out with force we're pulling out of bear territory and going for a bullish breakout.

perlboy

If the uptrend maintains we could be enroute to 1000 in no time?

perlboy

If the bust is over and our bullish penant is complete we should see this pitchfork invalidated ~650. If not we're going to return to trend and bottom out in the 400s.

perlboy

Seems a further correction is in order soon. Upper target in the 600s. Still expecting some Bulls in denial to push it up to potentially 900s first.