DeMarco_Fibonacci

DeMarco_Fibonacci

Final analysis on XAU/USD. Facing large consolidation before breakout, we may see a lower low if there is buyers exhaustion. Main position is long but we eventually may see a pullback depending on price action. Temporarily long until 1930, if there is exhaustion at that area then it will fall but for now the analysis is correct.

DeMarco_Fibonacci

This next phase of gold is critical. As volume is expected to flow into gold over the next month I expect it to continue on its bull to 2k.

DeMarco_Fibonacci

Ultimately observing evolving markets, downside short term target over the next few weeks to 34.800.

DeMarco_Fibonacci

I see gold having a temporary bull run to the 1960-1970 area where it could then see exhaustion and a pivot back down to the 1920 area where buyers are waiting.

DeMarco_Fibonacci

I look for a small push back up nearing the 33400 level before we enter a tear to the downside which could last quite awhile with steep retracements.

DeMarco_Fibonacci

Ultimately seeing how UJ has went on a bit of a run it it due for a pullback.

DeMarco_Fibonacci

Based on analysis, it is plausible to anticipate that USD/JPY will continue its uptrend following a minor pullback. Several technical indicators and market dynamics support this analysis. Firstly, by examining the price action of USD/JPY, it is observed that the pair has been steadily moving higher, forming higher highs and higher lows. This pattern indicates the...

DeMarco_Fibonacci

Based on a technical analysis of the XAU/USD forex pair, it appears that the bullish trend is likely to continue while respecting previous lows. The analysis is based on several key technical indicators, including the price action, moving averages, and support and resistance levels. Firstly, the price action of XAU/USD has been consistently making higher highs...

DeMarco_Fibonacci

Considering not only the U.S. economy but the worlds economy we may see a large pullback in indices and most stocks. This US30 index in particular could see a drop first to 33056, next 31490 and lastly 30840 in a short period of time. This of course will be a swing trader that could be held not only for a few weeks but a few months until targets are met. I am sure...

DeMarco_Fibonacci

Usually in times like these at this particular point of the year we are do for a run to the upside. Along the way up we may experience small pullbacks but ultimately analysis is showing a minor uptrend. First to reach 33361, if it holds above then onto 33723 followed by 33983 then lastly 34176. Ultimately seeing it turn to the downside at or near one of these...

DeMarco_Fibonacci

Along with a falling JPY, the dollar rising will establish a higher UJ trend over the following week or until TP levels are reached. 1st TP 137.602 which is minor resistance following TP 2 at 138.201 with stronger resistance and lastly TP3 139.006 which is my final TP and may reach further levels if dollar continues to rise.

DeMarco_Fibonacci

As we go into the following week I see a minimum target of 390.... If it does not break 390 then it will fall to 345. If it does go further up then it will reach target 400-405. My overall bearish target still remains as per our economic correction.

DeMarco_Fibonacci

Long until about 22k-25k range before the big short to 12k range. This should take place over the next 2-4 months, both the rise and the drop.

DeMarco_Fibonacci

Bearish pendent forming on H4, could see a small retrace back to the 63200 level. Ultimately see it falling to tp1 62019, tp2 61281 and possibly beyond 60448.

DeMarco_Fibonacci Updated 

I believe ultimately we are due for a correction, we are in the beginning stages of our correction. This will be a long ride to the down side, I see SPY getting down to the $100 level if this pans out. #Inversecup&handle

DeMarco_Fibonacci

Short to 1640 range, if it flushes @1640 then it will go to 1620. If it continues down then I have my target set to 1578 area.

DeMarco_Fibonacci

We may see a small run up on Gold for the time being. The run may drop at 1740 or it may continue to the 1760 area then drop, either scenario I am short to about the 1640-1670 level. As we know, that when gold drops the dollar usually runs up.

DeMarco_Fibonacci

Pivotal moment for oil right now, we may see it break lower into the 75 area but my analysis says we are awaiting a very impulsive move up. This move may be followed by a low re-test then continuing the new established uptrend. Crude retraced exactly to the 100% extension with a bullish hammer following a bullish harami on a trend line with recent support level....