Fl3xFx

Fl3xFx Updated 

Looking at the charts, Cable is currently in a bearish trend which could continue for the forseeable future. It we look at the channel of the trend, the lower lows and lower highs are hitting the trend lines. All together, this is following the downward trend as the dollar weakens. At some point the trend will break out, but looking back at historic data, these...

Fl3xFx

End of month sell-off. Plus around market open we normally see a breakout from the trend. Watch-out for fake-outs. Occasionally a retest first followed by a strong push.

Fl3xFx

This chart is on the weekly chart. Over the last few years, Gold has formed an ascending broading wedge price pattern. Once price builds it winds up to a break in either direction. As the fed tightens and increases interest rates this will push Gold into a strong bearish market. This is likely to take several months to play out, it could be by end of January or...

Fl3xFx

Gold looks like it will be long to reach 1877 / 1880, then after hitting resistance, retest bearish to 1829. Then potentially go long to onto previous levels at 1907. Market unvertainty, and even bans on Crypto in certain parts of the world is driving money into Gold as once of the savest places to hold funds.