Peace Traders happy 2024! Hope 2023 was good! Gold has been off to great volatility to start off the year! Jan continued to sell off from Dec's ATH spike to 214x's. Momentum carried from war, feds rate hikes/cuts with $, and we cant forget precious metal sales globally esp india and china during holidays . Cut to the chase been taking primarily sells this month...
Was just in some simple intraday longs today (5-2-23) for now disregard last ideal we know gold is still overall in bull trend ...could this be a pattern to run gold back to "2050" zone? as always PA is key!
Gold has been on a beautiful rally since early march. Between recession scares and bank crisis this added more fuel to the rocket! All eyes and ears have been on Gold will it break through previous ATH ? Since the rally a bullish Pennant has formed we did have a slight break out at 1980 than restested to tap 2050 zone only to reject again back to breakout area....
The DXY has been on a steady steep decline since the beginning Nov of 22. By mid Nov we can see the possible first peak forming. These patterns if played out have different success rates in bull vs bear markets and can also act as a reversal pattern or a continuation. This week early December the 2nd valley or left side of third peak seems to be forming after...
We have CPI, We know feds may most likely be hawkish...More news awaits into November. Could we see this adam and eve pattern complete and a small bear move before continuation of this dxy rally ? lets see
Could we see EU continue its bearish trend into summer of 2022? Double top formed on the multi daily See if we can close the gap down even more into lower lows :) price action is key! Good luck traders
Could we see the Triple top rejection play out? Close the gap down in this ranging market into a real long term downtrend? Im new to GJ very fun pair to trade! Price action is key and Good Luck! See how it plays into summer :)
Possible swing :) GU Double top to close the gap continued downtrend? Lets see! as always price action is key Good luck Keep it simple nothing special trend is your friend!
I scalp gold mainly but looking for some possible swing fun! We're here to make money but also have fun! you win some you loose some risk management is key along side phycology :) Been on a steep uptrend since beginning of Feb, but overall market is ranging and chopping folks alive! been fun tho scalping. Had a nice wick rejection off ALL time high "zone" id...
Possible Head and Shoulders forming on the daily . haven't day traded bitcoin much lately only some swings. let see what she does
Been a interesting last month in a half watching DXY go through its flows From corona effects, tapering , tech stocks etc . Want go deep on this one just keeping it simple PA trading and seeing if this patterns fails or plays! As always Good luck traders lets have a good week!
Last few weeks have been an amazing bull run! could they finally be exhausted? If we close under 1781 Could see a drop to 1720 zone. Notice trend line. Possible double top occurring. Tops may not be similar in height but could still be a go Tall/Short top pattern. We look for tops in downtrends and bottoms in uptrends . As always Price Action is key GL traders
Bears seem to be dominating! could we be currently oversold? Could this Head and Shoulders possibly play out? Targets at Tp1 and 2
Been a nice bull run last couple weeks! Feel as tho BTC is overbought and needs to exhaust to supply wick zone of 53-50k to create another bottom before next continuation ...Just a TA hunch PA is key as always! GL traders
As we continue on gold last week filled the gap to 1740. following the pattern on inv head n shoulder in my eyes. Lots of liquidity sell of from 1830 zone. This could aid the possibly forming "right shoulder" to retest 1800-1830 zone. Also DXY looking incredibly bearish as well. Could we see 1900s by next month? stay tuned Good luck traders
USD still looking bearish! Stocks did a pullback these last two weeks to the downside. Us100, S&P. But 10 year yield has been making moves up. as always Price action is key. Nice head and shoulder seems to have formed could we see bearish movement this week into next?
After a nice 6 week bull run on September 6th Bitcoin finally broke out of its channel down to major support zone of 43k September 7th. Which we touched on Aug 8th, 12th,17th and the 19th. This would be the "Neck-Line" area from are Previous Higher High of 52k. Price on the daily has yet to close below that major zone of 43k. Which to me signals bulls still have...
Could we possibly be seeing a inverted Head and shoulders forming on the daily? Bulls been running the show since the last spike dip to retest 183o Physiological level. Could we see a pullback to 1740 area to create a right shoulder? lets keep a eye out things could def get interesting