GODD XAUUSD How Gold Traders stay ahead with aid of DXY chartGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now
So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke
down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let
it go again at 1290. That rally on Friday was vicious for bears - the shape of price action
as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24%
powers 16 points north, a volte-face - which you would have been expecting if you've
been experienced enough, wise enough to run the two charts in tandem.
If you don't you're dealing with a blindfold over one eye...
The pin bars on the one hour chart here show strong rejection
at 1296.78 down to current levels at 1293 and a streak of
uncontested green...very rare for a space like that to remain
uncontested and it should flip back to 1288, and potentially to
1284 before it rallies again. On the other side of the street,
we can see that DXY -0.25% is flipping in a range beween 93.99 (the
high for the week was exactly 93.99 as forecast, giving a
precise point at which to sell gold 1.24% - with stops only triggered
in event that DXY -0.25% breaks above 94 and holds, in which case
DXY -0.25% is going up and Gold 1.24% is going back down. Just the best
duo/tandem trade there is in almost any market anywhere.
Use it or lose it. Probably the best companion
a gold 1.24% trader can ever have.
DXY: Dollar index 0.11%
Through all the noise of currency pairs and most commodity markets there
is a still, small, much neglected voice that can tell usually show you the
bigger picture/helicopter view of all that close combat fighting going
on below. Not always, but usually. DXY -0.25% , so far since the breakdown at
94.26, has been very helpful. It's flipping between 94 key resistance and
93.50 key near term support and this is what's causing such grief and
whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals...
believe it will break lower still eventually, but the chart is not confirming that
here....it's just double bottomed at 93.50...was Ok to bounce here for sure but
that was quite a big bounce - pins at top and botttom of move...just near
term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near
term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push
back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts
at that point). And only if DXY -0.25% can then manage to break above 94 and hold is
the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again.
And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw
between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand
on a map this zone cannot be trusted - a zone to avoid if possible. However, if
at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that
support is eroding and it should start to fall away quite hard to 92.80-92.62 - and
thereby triggering aggressive gold 1.24% longs.
Ahead
NEO/DOLLAR NEOUSD Scalping opportunity aheadNEO /DOLLAR NEOUSD
Excellent scalping opportunity approaching in Neo.
It has never in its history created a green candle that has not
been contested. That doesn't mean that it HAs to be
contested, just that it's 90%.
Hang a sell order out at 37 with a stop just over 40 to avoid
getting hit. it will almost definitely come back to 32.55 at
least and quite likely to 30.37 .
This looks like a breakout/momentum move on thin
air...unless there's a compellling new piece of news today to
accompany this rise, it's almost certain to fall away soon now.
Be very careful if still long from here...risk/reward ratios
gone haywire from here.
NAS100: NASDAQ 100 Looking positive for week aheadNasdaq 100 Index NAS100
Nasdaq throws a lot of similar shapes to Bitcoin whose
consolidation periods tend to last a few hours and no
longer than 2 days maximum, but here the continuation
patterns last a minimum of 2 days (last one) and more
usually 8 days and up to a month. But the shapes are almost identical.
Fast, sharp declines over 2 days, followed by an immediate
rally into new high ground are a sign of a very strong
market, usually a confirmation signal of further strength ahead.
In addition, the pattern carved out on the chart over the
past week is a clear flag formation with a minimum upside
measurement target at 6472, and could easily extend
further to 6515. Look to get long for the early part of this
week at least:
Initial support begins at the recent high at 6282-0. Whilst
it can hold up here this index is extremely positive...so
long as this level holds tomorrow Nasdaq is expected to
have a stellar week ahead. It's a buy with stops under 6275
for a 20 point loss if wrong. Or wait for the open on
Monday to see that 6275 holds up first...but it may have
gapped up by then. If so follow it, though with stops still
below 6275. And if this trade goes wrong and 6275 fails to
hold at any point between now and the open it's likely to
drift further and then perhaps come off on the open to
6246 (at lowest a spike to the upper parallel just below
here) before rallying strongly again.
That looks to be worst case scenario, which looks less
likely than a gap up as things stand right now.
One other way to enter the trade is to put a buy order in
at 6283 and hope it gets struck overnight with a tight stop
11-15 points under for small loss if wrong but 200 to 300 -
points upside if right. If it gets stopped out look to re-
enter again around the open on any further weakness in
the first 5 to 30 minutes, ideally towards 6246 and a tad
lower - but this is only likely if 6282-6275 gives way.
Don't think it will for what it's worth...let's see
For more on Positive 16 Year Cycle:
Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and-
analysis/
GBPUSD: Neutral now awaiting next signalGBPUSD Neutral now awaiting next signal
Price action over last 12 hours has seen Sterling break below
the lower parallel, thereby breaking the staggered uptrend
that's been in play since the turn of the year.
It doesn't look good for GBP but the game isn't up quite yet...
Right now this pair is neutral:
Need to see a break below that support line at 1.3021 to turn
aggressively bearish again, looking for a fall back to 1.2765
(with 1.2863 serving as a minor rally point within this decline).
On the upside, Sterling is in danger of consolidating
yesterday's decline UNDER the parallel - classic chart action
prior to the next fall...to escape this threat it will have to
move back above the parallel at 1.3090 now and hold up there,
rising higher and coming back to use the parallel as support
on the next pull back. Only if we see this kind of price action
will it look safe to go long GBP again for a rally to 1.3227 at
least, and more likely back up to 1.3304 before coming back
off again.
So neutral for now, awaiting next signal to trade this pair as above.
bitcoin technical check Downtrend Ahead
-------------------------------------------------
Bitcoin trend analysis in a few years
downward trend
Investment risk is too high to buy
Bitcoin price may be low
If downward trend in next month
Buy at this price point is very risky
----------------------------------------------------
i have a bad feel about bitcoin and worry about bitcoin price -if look out back in the old in 2013 -bitcoin had Growth and high to 1095 dollar and some bad news about bitcoins published about some big bitcoin money exchange hacked and steal their bitcoin and this news cased -investor feel bitcoin is not safe and that falling and down to to this price 159$ -whats happen in future for bitcoin please be care about bitcoin -do not high investment on this price for bitcoin
MACRO VIEW: WTI OIL SEVERE COMPRESSION: EXPLOSIVE MOVE AHEADIt is a very interesting and highly explosive situation now on WTI OIL market
Price has been trending laterally since the start of September, causing volatility on quarterly basis to contract unusually tight (measured by 1.25 standard deviations from quarterly (66 day) mean)
It means that when price eventually breaks from the 1st standard deviation, a move in that direction will have a lot of energy to release - in other words, it will be a significant and very possibly a sharp move.
At this point from a technical point of view it is impossible to tell which direction it will break, but what will help us is to monitor the compressing range, marked by the same 1st standard deviations from quarterly mean.
A breakdown below 42 will hint us about downward direction and a breakout above 52 - about upward direction of the high-potential move.