Gold? I see long and big shortThis is an experimental model, if this was accurately impressive then it should reach those levels and you know that market is most likely manipulated and controlled
To predict the market you need a frequency domain analysis rather than time domain analysis with some trigonometric functions
DISCLAIMER : Idk anything about the result of this model and indeed i'm not responsible of any investment you made since this was not an investment or financial advice
Harmonicanalysis
BluetonaFX - DXY 3 Month Resistance BrokenHi Traders!
DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level.
104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The market has just completed the bullish three-drive pattern, which further supports our bullish bias on DXY.
The next target is likely to be the psychological 150 level, and then we have the six-month resistance level at 145.488.
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BluetonaFX
Strong Sell Setup with Bearish Cypher Pattern and Key LevelHello Traders
check the analysis for GBPAUD
the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to the price.
However, due to the potential for high risk, it is recommended to wait for a retest and confirmation before entering into a trade. This will provide a good sell setup with a favorable reward-to-risk ratio.
To summarize, the GBPAUD presents a potential sell opportunity due to the bearish Cypher pattern and strong supply zone. A cautious approach is advised, with a focus on waiting for confirmation to enter the trade with a favorable risk-to-reward ratio.
Will AUDJPY be oversold?I start off identifying AUDJPY is on a prolonged uptrend both on the weekly and daily and has reached an equilibrium state. From this equilibrium state I have identified two possible scenarios, this is scenario one.
I expect price action to come back to the low, one last time and start forming a series of higher highs and higher lows until it reaches the significant turning point. The RSI has not yet established this pair as oversold only overbought. I'm curious to see if the next overbought confirmation is an early sign that this pair has reached the climax and is overbought. We'll see how price reacts to the PRZ.
GBPUSD > Strong Key Level for Short.Analysis of #GBPUSD
GBPUSD has a strong structure resistance level near 1.65500-1.2700 which will represent a strong place to sell GBPUSD.
if the market actually comes and tests my structure resistance zone it will also complete AB=CD bearish harmonic pattern which can be used to enter sell if the rules for entry are met
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UPDATE OF XAUUSDAs I say in my previous analysis we expect of gold to have a corrective B wave and from the next week we expect gold to go to 1900
all my analysis ( Elliot waves / Fibonacci RET / Trend lines / Resistant and Support ( still waiting for harmonic :D ) ) says that gold would stop between 1790 - 1800 and then it go for the C wave and Fibo PRO of A wave starting at the bottom of B wave says that we could reach for 1900
for now we just wait and observe
may force be with us :D
previous analysis down below
DOLLAR (DXY) ANALYSIS VOLUME III: DXY going DOWN in the DAILYHello all! This is the last part of the DOLLAR (DXY) ANALYSIS trilogy. In this analysis, I looked at harmonic pattern formations in the DXY on the daily chart. I believe that the strengthening Dollar is coming to an end soon, probably in a week, two tops.
When you look at the chart, you'll see One Big, with green, and One Small, with black, Bullish ABCD pattern formations.
The BIG ABCD formation with GREEN outline and price levels suggested an upside reversal in the DXY. In the part II of the DXY ANALYSIS trilogy, I talked about a backtest of the previous support level. Therefore, this upside reversal that the GREEN ABCD formation predicted was in harmony with the backtest idea. After the completion of the GREEN ABCD, the DXY downtrend reversed on the daily chart and we saw DXY gaining value and testing 0.5 Fib retracement.
So far so good, but does GREEN ABCD suggest a further upside in the DXY? It is possible. We can possibly go up to 0.618 retracement which is between the 1.272 and 1.618 extensions of the smaller ABCD pattern.
The smaller ABCD pattern seems to be completed right now as an AB=CD pattern. However, it is very early to speak. Because we have to see some downward move in DXY to be sure that this is the top of the pattern. Otherwise, it is possible that the pattern can turn to be an EXTENDED AB=CD with possible 1.272 or 1.618 extension levels.
Considering the upcoming ELECTION, the coming FLUE SEASON and the increasing health concerns due to the PANDEMIC, and the DELAYED STIMULUS package, it is likely that we see some more UPSIDE in the DXY. It should be noted that this is my personal opinion and does solely based on the non-technical reasons. Although, I don't expect to see the bullish action in DXY for longer than a week or two. Because, we are very close to the 95 level and higher DXY will invalidate my general WEAK DOLLAR expectation. For that, please read the FIRST and the SECOND PARTS of my DOLLAR ANALYSIS trilogy.
I apprciate your comments and constructive feedback!