Hi Guys, the situation is the following. On Nov.7h Gold breached support at 1479/80 (light blue bold horizontal line). The break was favoured by a big Gap-Up in US stocks, prompted by growing optimism in respect of US-China Trade Deal as detailed in the following idea posted on Nov.9th (Tradingview did not allow for this idea to be public because timeframe is 5...
Hi Guys, just some infos. Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above. Gold instead remains above B. Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio: www.investopedia.com And...
Hi Guys, uncertainties over a US China Trade Deal by year end formed a double bottom in divergence with RSI that favoured the pullback from D into descending 200SMA and on upper band of the 100BB. To note that this encounter between BB and SMA occurred when sentiment was overbought. A similar formation occurred few weeks ago when B was forming. Here the idea...
Not much to say. Looks like a promising long term trade to me.
Hi Guys, I had this idea from Reutres as today they published an article with a nice SPX chart with a timeline of the US-China Trade War. For easy reference please find below the article. www.reuters.com To note how trade news impact both markets in a short-medium terms whilst on longer terms other factors IMHO have a much bigger impact i.e. monetary policies...
Hi Guys, very simple. Remember this CUP in GOLD? It was March 27th. Click & Play to unfold. UJ and Gold are inversely correlated in their moves but they unfold similar patters in different timeframes. Would it be possible for UJ to unfold the same move made by GOLD? What should happen to take it to 124? Letters e) and g) fin the following snapshot Just...
Hi Guys, there is a huge divergece between these two charts and maybe the start of the new year is a good moment to make an adjustment. Gold made a strong move above A. USD/JPY did not. Is it possible for USD/JPY to fall below 100? What could cause such a move? What happens if it is not a flash crash but it is prolonged? What would happen to Nikkei and...
Hi Guys, Just some thoughts. Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. The GOLD Discussion CHAT is real fun. Join IN. Disclaimer: Please note...
Hi Guys, this is rough structure based on the daily chart. If Gold moves up, USD/JPY move down, If Gold makes a bottom or a top, USD/JPY makes the opposite. Tops and bottoms are formed but not at the same time. Moves goes in the opposite direction but they have different lenght and magnitude. Sometime, not always, it is possible to understand which one is moving...
Hi Guys, here below technical structures: Here the post iro pullback of AB: More infos: Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your...
Hi Guys, it was on Aug.12 when I posted the following chart and Gold was at 1495 running into 1560: Fear of tariffs and worries over deterioration of US-China negotiations drove that run. Today those worries are creeping in again at 1445, and this is what stopped Gold at B. As far as the main Daily Chart of this post is concerned, to note that from 2 price...
Hi Guys, the top made when price hit 200SMA diverge a little with RSI. Lower band of light blue area may be last line for support for the distribution period B to C to continue. Need to consider that retracement of AB may be completed. Price is forming 3-3-3 moves inside violet TR. B was formed due to uncertanties iro US-China negotiations and possibly...
Hi Guys, This is my view on Gold for a short term pullback into 0,382 Fibonacci retracing AB at 1472. Below how AB looks in the daily chart and where 1472 is. Please also click & play the following chart prior of making B (above) And this is the 1hr chart with more or less the same infos. For additional infos about Gold please refer to the related ideas...
Hi Guys, the above chart is providing a structure within the context of SPX and US-China trade deal. Gold pulling back following Reuters' news Following what happened in the last few days based on growing optimism iro US-China trade deal, here is the link to an article published by Reuters today on the subject. (www.reuters.com) The vertical grey line is...
Hi Guys, following the idea posted yesterday, Gold broke out the distribution period to make a low at n.3 lower then n.2 and complete the Zig-Zag. Yesterday's bullish opening of the stock market prompted Gold bearish move into n.3. Growing optimism in respect of US-China Trade Deal is favouring a Risk-On mood despite lot's of issues are still pending. However,...
Hi Guys, hope you are all well and doing good with your businesses. The above chart shows how Gold has been swinging for the last two weeks. Please note that I modified the RSI to 88 in order to follow price action above and below 200 SMA. Violet line are just levels. Despite the news published yesteraday by Reuters at 17:30 that the US-China trade deal was...
Good news for gold we break out resistance line of triangle and break out accumulation zone its mean gold come back to big game. We have interesting situation on world financial market Some 40% of global bonds are now yielding less than 1%, according to data compiled by Bloomberg. www.bloomberg.com Latest Global Housing Watch Data Real estate at high...
Break above the trendline with a very powerful candle! Wait for a trendline and strong area retest, there is also Fibonacci 38% which is a great retracement ratio considering that momentum! Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers! *This information is mostly used for educational...