Rethinking anything backed against dollar. This isn't a over night chart but i am publishing to create a nice fall wedge break to watch.
This potential bounce in TLT could be big shift for market. Bonds inverse yields.
Bull Targets up 78k-100k But bear target down 33k I think it’s not smart to try to short this but I will buy a bunch on way down, especially around 33k if God gives that opportunity.
Xauusd may need one more bounce down. April has been unkind to me. Let’s roll the dice again.
I was bear pre break out but I think that 1780 may test here. My analysis has been off recently but but I will get back on track. I must.
1720 and 1700 have been marked out as possible range re-test. Wont go bull until top of range resistance is broken around 1750.
I will only buy more. Respected ranges are marked. Potential support at 33k. more below?
These are roughly the same ranges I have been posted for a while. Only difference is I had thoughts that we would pull up off 1750. That didn't happen, but this my updated range now that I know how strong the both sides are here. I think gold can go lower after corrective wave.. (Perhaps BTC is still pumping?)
Trying to decipher. Does this chart matter?
Watching Bond ETF in relation to yields and Gold. Seeing fib below as support..
2 targets above. Not sure about second but we'll see. Looking for smaller channel break.
We must wait for channel to break and retest if not in position. TP1 is more likely than TP2 (as always). I've taken 70% of position off table after capturing 30 pips. So I will wait and hold. Happy trading. Trade smart.
This is my updated range for Gold that I will let guide me as price action happens.. 1680-1660 is being watched as support. 1760-1810 is possible resistance on squeeze upward. If we reject there, I know it is a big idea, but I believe 1590-60 could be a level to be hit if our 1660 level breaks on retest. Happy Trading as always, I will continue to update you...
I have shown range through to 1680.. Think Gold has fallen enough. Leave the party early.. Gold is also on 377 fib daily.
1778 1752.. We'll see if this is trap.. I went long not risking too much here though.
I try not to post too many neutral charts but I am waiting for confirmation. I believe Bulls will pull to resistance shown if range breaks... If resistance rejects price, 1680 which is a very credible fib (382) gets tagged.. I'm leaning towards Bull, but know I don't have to rush. We might go up and then re test support at 1680. Either way, trade smart.