Long gold. Yields pattern, Gold pattern, fib sequence, etc
https://www.tradingview.com/chart/9dzmpjuK/
This is the current setup gold exhibits. It is similar in candle patterns, fibonacci sequence order, and also in the 10 year note yield patter (TNX, US10y, DGS10). Also interesting to note is the patterns I have been observing in SPX and NASDAQ. NASDAQ made a patter resembling the days before BREXIT but in smaller 15m time frame. You can view this in my published ideas and link attached to this publication.
Something also worth noting is the German election being held this 25th of September.
SPX currently shows a pattern similar to the days before Brexit on daily chart.
In the event of such occurrence, as there is a high probability given the state of the 10 year debt note's yield from the United States (TNX, US10y, DGS10), the most viable trade is long. It seems the vast majority still hold a bearish view regarding gold and a bullish view on US indices (NAS100, SPX500, US30). This is good as most people are not expecting and as is usual, market makers see this and can sway the market in their favor with something unexpected as this.
I am long WPM, RGLD.
Short AAPL, NVDA and FB.
This is the current setup gold exhibits. It is similar in candle patterns, fibonacci sequence order, and also in the 10 year note yield patter (TNX, US10y, DGS10). Also interesting to note is the patterns I have been observing in SPX and NASDAQ. NASDAQ made a patter resembling the days before BREXIT but in smaller 15m time frame. You can view this in my published ideas and link attached to this publication.
Something also worth noting is the German election being held this 25th of September.
SPX currently shows a pattern similar to the days before Brexit on daily chart.
In the event of such occurrence, as there is a high probability given the state of the 10 year debt note's yield from the United States (TNX, US10y, DGS10), the most viable trade is long. It seems the vast majority still hold a bearish view regarding gold and a bullish view on US indices (NAS100, SPX500, US30). This is good as most people are not expecting and as is usual, market makers see this and can sway the market in their favor with something unexpected as this.
I am long WPM, RGLD.
Short AAPL, NVDA and FB.
Trade active
Nasdaq pattern on 15m on the 5th of Septembers3.amazonaws.com/tradingview/snapshots/z/zVrQPTRX.png
Nasdaq pattern observed on Daily Pre Brexit.
s3.amazonaws.com/tradingview/snapshots/t/tCv1tjpp.png
Gold chart 4h September 21st 2017s3.amazonaws.com/tradingview/snapshots/i/i18VijCu.png
Gold Chart Post Brexit (shows the pattern on 4h)
s3.amazonaws.com/tradingview/snapshots/5/5CdAHSWd.png
TNX Pattern
s3.amazonaws.com/tradingview/snapshots/n/Ni1lsXAR.png
The similarities are many.
Note
Gold 4H chart .s3.amazonaws.com/tradingview/snapshots/i/i18VijCu.png
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.