H4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation...
i) 2D = Time / Price = Chart = Technical analysis ii) 2D = Macro or / and Micro or / and other analysis 3D = Combining the above (i) & (ii) 4D = Projected time and price based on the past data and market developments 3 types of gold for trading: • COMEX Gold 0.10 per troy ounce = $10.00 • E-mini Gold 0.25 per troy ounce = $12.50 • Micro Gold 0.10 per...
Many got distracted when Gold was trading in a range the last few years. A question for you to ponder over: Will there be a situation where interest rates continue to rise and yet a lower Dollar? Why? Let me hear thoughts, I would love to exchange ideas with you. Included last two videos link below, I explained: i) Gold is still an inflation hedge ii) Gold...
Gold has been performing quite well over the past months at the same time that equity markets have been increasing. How is this possible? Gold is a risk off asset and shouldn't increase if risk on equities increase. The answer lay in the fact that gold is merely appreciated against all currencies as can be seen by the trade weighted dollar, yen, euro, and pound...