There is gold below the double bottom!
This would be my favorite development
A long term view which is not reasonably tradable, but shall provide my view on the upcoming years.
DXY broke down historical bearish trendline, the cycles indicate, DXY might further lose value.
Experimental... I would like to see how SP develops.
The analysis above is solely devised to keep track of a development which I hope will unfold in the upcoming months and not suitable for individual trades
The XAUXAG/XAUUSD ratio is a beauty in terms of Fibonacci retracements and extensions. Against this background I surmise a bearish development which would be bullish for XAUUSD 0.28% , which I am occasionally invested in. Needless to say, this does not constitute trading advice, but is merely an idea (from my perspective, as well!).
Well, this is my first idea, I have never traded ALCO before, therefore I am excited. The idea is based on Ian Copsey's harmonic wave structure. Any objections are more than welcome!