Did a basic comparison on how the DB come into play - Gold Bottom before the bounce - 4 Points on RSI before push / daily divergence Comparison - UJ Before the bounce - 3 Points neds one more with a daily divergence just below the 50rsi another thing to consider , previous couple of years money flow from gold to btc - btc to gold, currently btc has become...
Gold currently sitting in golden pocket with liquidity still above the Pocket - MM will be waiting for enough shorts to build & liquidate/take stops before heading down ? Thoughts?
With gold being bullish so far , two things that people aren't taking into account is the broken structure in the white box and Golden Pocket approaching ...thoughts ? Do we go sideways ? Indicator - Dynasty Ribbon
Looks to be a break and re-rest - if not break and come back down - DXY up = GOLD down GOLD down = USDJPY up Pays to look on bigger TF to block out the noise - Happy New Years
Wedge to Supply with consolidation to before heading back down ?--> Thoughts?
Potential long swing trades from demand..IMO to obvious for MM in demand, hence the lower entry ..Let me know your thoughts ? N.F.A
Stacked Supply into rising wedge ... Double Top will confirm another leg down aswell ...Watching for stop hunts.
Gold to retrace back to pick up last bit of demand 1701 - 1713 , then push through to much bigger supply around the golden pocket , with instability in the current markets investors will flock for metals as a safe haven . Will we rally up for the C leg or fall from here ? Break in market structure on previous demand zone will confirm another leg down . Bearish...
With market structure broken on all key levels , im expecting a rally back to the AOI ( Area of Interest ) also stacked with the last supply block on the daily TF , also golden pocket, a double bottom from current demand or wick into this zone will confirm strong demand zone.More potential to the downside. If candles start closing in the demand zone i will expect...
The UJ - GOLD battle , will UJ hold the golden pocket or sweep Z3 before heading up to Z1 level before heading back down ? With trend slightly still in tact , lets see if we can get to Z1 for some swing shorts ?
With DXY having a tumble with the not so good news during a volatile week, we see GOLD turning around . Triple bottom with descending wedge & divergence. Potential pullback to seek liquidity in Z1 to help break through the 1800 dollar mark in Z2, consolidation around Z3 being the 5 FIB level ? Bulls are back but for how long ?
With the falling wedge failing to hold Z2 , even for a quick liquidity grab where do we go from here ? Z1 for a bounce , then re test 109.384 - 109.652 for shorts ? Where will the DXY head ? Trend your friend until its .....not ?