SimpleChartsLLC

SimpleChartsLLC Updated 

Gold has confirmed a bearish long term bearishness (maybe consolidation). 3M - 6M MA bearish cross and a daily close below 1Y moving average. Combining this with recent weeks COT data and gold seasonality suggest 1550 and first target for (this year). Bearish months may be March April and May. a summer recovery may occur then continue the move down starting...

SimpleChartsLLC

trade is almost 150 pips ... broke through R1 (monthly) and now to 94.70 (R2) Happy pips :)

SimpleChartsLLC

Seasonality to work perfect :) .. The first week of Oct could show some previous metals strengths ...

SimpleChartsLLC Updated 

This is not a trade idea, but to show DXY mementum change. Major currencies (especially EUR) may experience some weakness as DXY is showing signs of strength technically and seasonal wise (from mid Sep). Good luck Note: I stopped doing trend reversal trades due to bad performance, and focusing only on trend following trades as they provide 75%+ winning rate :)

SimpleChartsLLC Updated 

Gold has ended its summer strength season. price may start weakening (or consolidate) towards mid October. See ya again buy then :)

SimpleChartsLLC

This is not a trade idea. It is more to raise a flag. Oil is showing upward momentum is fading, and seasonality suggests a correction shall start soon for 2-3 weeks. Be safe and make money 🎖

SimpleChartsLLC

Monthly and Six months 2 standard deviations support area show some robustness. Do you guys think DXY can make a recovery towards 100 levels again ! If it can pass through 97.70, we could see it there towards winter time

SimpleChartsLLC Updated 

COT data shows very bearish commercials outlook

SimpleChartsLLC Updated 

after a nice counter primary trend move, would we see new lows in copper?

SimpleChartsLLC Updated 

Gold is struggling for five weeks now, and couldn't break the highs. Maybe it is the time to rest a little for bullish move starting mid July.

SimpleChartsLLC Updated 

Palladium usually form lows at this time of the year. Technical analysis shows it is at its six months MA support. Would this be a good buy?

SimpleChartsLLC

The current DXY daily candle closed as an inside bar. This occurred at the weekly support (trend line). I think this could be a confirmation of a move upward. lets see :)

SimpleChartsLLC

A weekly pin bar was formed at strong supporting zones. This zone is also a (50-61 fibo retracement). Would we see a move towards 58-60$ ?

SimpleChartsLLC

Would this supporting weekly trend line help the DXY to rebound? I think yes. Let's see :)

SimpleChartsLLC

The gold was on a great bullish move after touching the trend line (1275-1280), which was confirmed by Nov 18. I expected it to move towards the long established down trend (since Sep 17). So, what is next do you think guys? a fake breakout or a new bullish rally for gold? Shall we consider the current readings of RSI as a divergence ?