On the daily we see a TTM Squeeze about to happen, we have a TTM Squeeze on every chart below the daily the potential for this set up is a huge move up or down in addition to 200mva cross-overs on lower charts and retracement starting on 15 minute chart.. Overall I still see a reset in sentiment before we see HH's - so I would like to see this go down. The...
Double top on the hourly - we are about to see this get smashed down. Please read my updates on my last XAUUSD call - links to everything can be found there. But to sum up - Volatility skew flashing like it did the day before the dot com burst, Market melt up for Apple and Tesla all shows that gold will be going down from here. Also, there are so many bulls in the...
Jackson Hole has spoken. Whenever the FED now prints more money it will cause deflation which pushes the dollar up. Consequentially other countries will devalue their currency to stay competitive putting further pressure on the dollar as it's the only game in town. I see gold going to 1700 area. That huge spike up and then slam down was just clearing stops. The...
After the beautiful whipsaw - dollar bulls are now fighting back. Whenever the FED prints it will be deflationary for the dollar and other countries will devalue to stay competitive with us and will push the dollar back up. Gold is going down imo...
TTM Squeeze is going off in addition to a MA cross-over - there's a big move brewing and I'm inclined to say it'll go South because gold is getting too high for FEDsters (which signals inflation - and not the good kind). If gold rises and so does inflation, then FED, by their own term, won't print. So it'll get smashed down so they can print more. Also China...
If you look at the over sold levels, along with the price moving against the ichi signal you will see the stock is poised for some gains. I don't think this will be long lived, gold will force this lower again before taking off for long distant bullish nature.